Constantia Flexibles has signed an agreement to sell its Labels division to Multi-Color Corporation.
The team at Printing Impressions proudly presents the 33rd Printing Impressions 400 list, the industry’s most comprehensive list of the leading printing companies in the U.S. and Canada ranked by annual sales. The PI 400 rankings offers a glimpse at how the industry has changed, performed and evolved over the years — whether through the adoption of new technologies and/or through M&A transactions.
Perhaps the most impressive aspect to this piece is just how ordinary it appears at first glance.
Multi-Color Corp. is adding a dynamic scheduling and resource optimization component to its EFI Packaging Suite.
Cincinnati-based Multi-Color Corp. announced that it intends to privately offer $250 million in aggregate principal amount of senior notes due 2022. Multi-Color currently intends to enter into an amended and restated revolving credit facility concurrently with, and as a condition to, the closing of the offering of the notes.
According to Nigel Vinecombe, president and CEO of Multi-Color Corp., the June quarter represents the first quarter with full contributions from all FY14 acquisitions and with no significant one-off integration costs. Improved gross margins at 21 percent drove core operating income to 13 percent of revenues and core EBITDA to 18 percent of revenues for the quarter.
Multi-Color Corp. has announced the acquisition of the Di-na-cal label business from Graphic Packaging International. Di-na-cal operates manufacturing facilities in Cincinnati, and Greensboro, NC, and provides decorative label solutions primarily in the heat transfer label markets for home and personal care and food and beverage.
RR Donnelley served notice to the former Heartland Press plant in Spencer, IA, that it planned to close for good by March 13. The move leaves 160 employees without jobs. The plant was obtained by Donnelley in the Perry Judd’s acquisition.
From the "it's going to get worse before it gets better" department comes a Quad/Graphics capacity reduction that sees 550 people lose their jobs this week. Another 72 jobs are gone as Courier Corp. shuts down short-run Book-mart of North Bergen, NJ, while 62 Multi-Color Corp. positions are eliminated as its Framingham, MA, operations are folded into other facilities. That's nearly 700 jobs in under a week. It's a safe bet that more than 1,000 people industry-wide will be cut loose this week.