MARCELINE, MO—Walsworth announced that it has entered into an agreement to acquire significant manufacturing assets from Boyd Brothers Printing of Panama City, FL.
After acquiring significant manufacturing assets from Boyd Brothers Printing in Panama City, FL, Walsworth Publishing is expected to relocate several presses, bindery equipment and other ancillary items to its production facilities in Missouri and Michigan early next year. The acquisition of these assets was made possible when Boyd Brothers President and Owner Jim Boyd Jr. announced to his employees the commercial printing company is closing.
Boyd Brothers Printing [#274 with $15.95 million in sales: 2010 Printing Impressions 400 listing], a business with 80 years of history, has filed for bankruptcy in Panama City federal court. The company, located at 4259 15th St. (Panama City, FL), was able to reach a resolution with a majority of its creditors, but aggressive collection activities by some of its creditors left the company no choice but to file a Chapter 11 petition in an effort to preserve the going value of its assets, according to court documents.
Boyd Brothers said they would continue to operate its businesses in the ordinary
DC Area Printer Elects a Winner UPPER MARLBORO, MD—In close proximity to the nation’s capital, family owned District Creative Printing provides services to groups that cater to the federal government, one of which is trade associations. Already operating a fleet of five MAN Roland presses, District Creative Printing recently installed a new five-color Roland 700 HiPrint press with in-line coater, making it the first shop in the Mid-Atlantic with the recently launched midsize model. New Press Keeps Shop In Vogue WAUKEGAN, IL—The difference is “like night and day,” says Pete DePerte, vice president and co-owner of Vogue Printers, comparing the difference between
Postal Commission OKs Hike WASHINGTON, DC—A 5.4 percent increase in United States Postal Service (USPS) rates virtually across the board has been approved by the Postal Rate Commission. The rate increases were expected to take effect by the middle of January. The increase will help the USPS meet its $3.1 billion escrow payment due in 2006. Nonprofit mailings will go up by 3 percent, while the book rate will balloon 12.7 percent, in accordance with the requirement that all classes of mail cover their direct cost of service. A First Class stamp will rise by 2 cents. Quad Signs Billion Dollar Deal SUSSEX, WI—Quad/Graphics and
by chris bauer Managing Editor While ancillary services in general are often pointed to as the savior of the commercial printing industry, fulfillment services specifically have received more fanfare than some of the other value-added capabilities. In speaking to printers that offer fulfillment services and to experts on the subject, it's easy to see why the two go hand-in-hand. "Printers are being asked by their customers to start fulfillment operations to support the client's marketing operation," observes Tom Quinn, director of fulfillment services for the Mailing & Fulfillment Service Association (MFSA), noting that 88 percent of printers that participated in a recent NAPL/MFSA survey stated this as
(Editor's Note: Company rankings for the current and previous years are based on figures reported in 2004. Therefore, companies that revised their 2003 revenues may have changed their 2003 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided.) 303 ('03: 319) Freeport Press, Freeport, OH Total Sales (Millions): $15.30 Previous Year's Sales (Millions): $13.85 Change (%): +10 Principal Officer: David G. Pilcher Employees: 140 Primary Specialties: PUB 40%; DM 20%; ADV 20%; CAT 10% Web Offset Press Units: 24 Sheetfed Press Units: 0 Other Press
(Editor's Note: Company rankings for the current and previous years are based on figures reported in 2003. Therefore, companies that revised their 2002 revenues may have changed their 2002 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided.) 301 ('02: 193) Colonial Press Int'l, Miami, FL Total Sales (Millions): $17.40 Previous Year's Sales (Millions): $18.60 Change (%): -6 Principal Officer: Jose Gomez Employees: 131 Primary Specialties: COM 30%; PUB 20%; CAT 15%; DIR 15% Web Offset Press Units: 22 Sheetfed Press Units: 18 Other