It’s a love affair — private equity firms are hot for printing companies that specialize in prime labels and flexible packaging. AEA Investors, a New York City-based private equity fund, announced that it was adding to its holding in the label printing segment with the addition of three companies to be bolted-on to its portfolio platform company Inovar Packaging Group which the fund acquired earlier this year.
Advent International has agreed to acquire a majority ownership interest in Fort Dearborn from KRG Capital Partners.
Fort Dearborn in Elk Grove, IL, has acquired AC Label, which includes St Louis Litho and St Louis Pressure Sensitive. The acquisition is expected to be seamless to existing customers, and upon integration, the additional facilities will operate as Fort Dearborn with unified systems, policies and processes.
Commercial Printing Industry News Briefs from Printing Impressions’ April 2013 edition, Brown Printing, Fetter Printing, EP Graphics, 4over Inc., RR Donnelley, Xerox, Smith's Printing and North Jersey Media Group.
Fetter Printing, part of Louisville, KY-based FetterGroup, has notified the state it will lay off 54 workers in Jefferson County this spring. A memo attached to the WARN notice, signed by Fetter President and CEO Terry Gill, said the company sold its paint-labeling line of business to Fort Dearborn and, as a result, will permanently be laying off 54 workers.
The memo said Fetter will continue its other lines of business and will retain some workers at the facility. Three rounds of layoffs are expected, two in May and another in June.
The acquisition of FetterGroup’s paint and coatings label business by Fort Dearborn will contribute to the company's near-term and ongoing success as the housing market recovers. “The acquisition is a logical fit for Fort Dearborn and reinforces our commitment to the paint and coatings label market,” said Fort Dearborn CEO Jeff Brezek.
THERE ARE two ways to view the current state of safety in the printing industry. On the one hand, as manufacturing industries go, printing is a relatively safe profession that has witnessed a steady decline in the rate of recorded injuries and illnesses, according to the PIA/GATF figures maintained by the Bureau of Labor Statistics. According to the most current reporting data, in 2006, the manufacturing sector had an injury and illness rate of 6.0 per 100 full time employees. Printing and publishing had a rate of just 4.2 per 100 full time employees. Unfortunately, the worst of our injuries have been splashed
NOW IN its 24th year, the Printing Impressions 400 (special pull-out section) provides the industry’s most comprehensive ranking of the leading printing companies in the United States and Canada. The listings include company name and headquarters location; parent company, if applicable; current and previous year’s rankings; most recent and previous year’s fiscal sales; percentage change; primary specialties; principal officer(s); and number of employees, manufacturing plants and total press units. (Download a PDF version of the entire listing by clicking here.) For information on the complete list with contact and address details, please view Printing Impressions Top 400 datacard. Financial information for the
Grafikom Acquires Speedfast TORONTO—Grafikom LP, a network of companies formerly under the Quebecor World umbrella, has swung its first independent deal since being established last November with the acquisition of Speedfast Color Press. Privately held Speedfast Color Press, a general commercial printer and mailer, has two facilities in Edmonton, Alberta. The deal enhances Grafikom’s holdings in Edmonton, which includes grafikom.Jasper. Mike Steiner, formerly the owner and operator of Speedfast Color Press, will serve as president for the Edmonton operations. Vertis Obtains USA Direct BALTIMORE—Vertis has struck a deal to bring USA Direct, of York, PA, into the fold. USA Direct provides design, printing, personalization and inserting