Commercial Printing Industry News Briefs from Printing Impressions’ August 2013 edition, including Jacob North, Arandell Corp., RR Donnelley (RRD), Midtown Printing and Modern Litho., Champion Industries, Agfa Graphics, Resolute Forest Products, Association of Marketing Service Providers (AMSP) and the National Association for Printing Leadership (NAPL).
LINCOLN, NE—The U.S. Bankruptcy Court approved a going concern sale last week of Jacob North Printing to Midstates Printing of Aberdeen, SD. Equity Partners CRB, a Maryland-based investment banker, served as intermediary for the debtor-in-possession, while Knudsen, Berkheimer, Richardson and Endacott provided counsel. Aberdeen based law firm, Bantz, Gosch & Cremer, represented the buyer. Midstates has already funded the acquisition and has started funding day-to-day operations
A South Dakota printing company has bought Jacob North Co., ensuring the 125-year-old Lincoln, NE, business will not cease operations. Midstates Printing of Aberdeen, SD, was the top bidder in a bankruptcy auction last week, agreeing to pay $1.35 million. That beat a bid of $1,050,000 by Cornerstone Printing of Lincoln.
Midstates also agreed to pay an additional $322,500 for two printers and a box truck. The company, however, will not take on any of Jacob North's liabilities.
Midstates officials could not be reached for comment, but Matt Feickert, vice president of operations for the company, said in a news release that
The U.S. Bankruptcy Court approved a going concern sale of Jacob North Printing to Midstates Printing of Aberdeen, SD. Equity Partners CRB, a Maryland-based investment banker, served as intermediary for the debtor-in-possession, while Knudsen, Berkheimer, Richardson and Endacott provided counsel.
Midstates Printing and Media Solutions has strengthened its sales position in Sioux Falls (SD) by buying Panther Graphics, a Sioux Falls commercial print shop, said Justin Feickert, director of sales and marketing for Midstates. Panther Graphics, founded in 1986, has 10 employees. The name of the business will be retained, Feickert said.
“A main benefit for us is that we will be a sales location in Sioux Falls with an existing brand,” he said. “Panther is an established company with a reputation for high-quality printing. It just did not have the capabilities to offer larger format printing, digital printing, cross
Bindery Goes Large With New Diecutter MOUNT VERNON, OH—Coyne Graphic Finishing, a full-service binding and finishing company, has installed a custom-manufactured Cauhe large-format diecutting machine to produce P-O-P displays and similar products. The Spanish-made Cauhe machine has a 65x120˝ cutting bed, making it among the largest of its kind in the United States. This machine is the company’s fourth large-format diecutter. Growth From ESOP Results in Stitcher BOISE, ID—Alexander Clark Printing, a full-service web and sheetfed shop, recently expanded capacity by purchasing a new Best Osako Estar saddlestitcher from distributor Best Graphics. The added capacity comes just two years after the printer adopted an ESOP plan, resulting
arizona PHOENIX—O'Neil Printing has added a new six-color Heidelberg Speedmaster SM 52 perfector with coating system. The new press is an upgrade from a five-color Heidelberg GTO 52. Founded in 1908, O'Neil Printing has been an employee-owned company since 1996. TUCSON—Southern Arizona Graphic Associates has installed a new six-color Komori Lithrone S40 press with coater. california ONTARIO—Rey Nelson Printing purchased a five-color, 20˝ KBA Genius 52 waterless UV press while attending PRINT 05 in Chicago. According to company president George Alderson, the 28-year-old trade shop sees a major market opportunity to produce short-run synthetic printing. FLORIDA MOUNT DORA—DMMI Promotions has installed two DocuSheeter
(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.) 251 ('03: 245) Fisher Group, Hiawatha, IA Total Sales (Millions): $20.00 Previous Year's Sales (Millions): $20.00 Change (%): - Principal Officer: Martin C. Fisher Employees: 145 Primary Specialties: DM 90%; ADV 6%; CAT 4% Web Offset Press Units: 13 Sheetfed Press Units: 0 Other Press Units: 0
(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