M&A activity has picked up in every year since 2009, and that there’s every reason to believe the forward momentum will stay strong.
RockTenn’s Nicholasville, KY, has achieved two world records, thanks to a seven-color, 64″ KBA Rapida plus coater press.
Rock-Tenn Co. and MeadWestvaco Corp. have entered into a definitive combination agreement to create a global provider of consumer and corrugated packaging in a transaction with a combined equity value of $16 billion. The combined company, to be named prior to closing, will have combined net sales of $15.7 billion and adjusted EBITDA of $2.9 billion, including the impact of $300 million in estimated annual synergies to be achieved over three years.
Commercial printer equipment installations and other news from Printing Impressions’ October 2014 edition, featuring Phillips Graphic Finishing, Graphic Edge Printing & Packaging, The Label Shoppe, Nino Press, Robinson Printing, Merritt Graphics, Media Graphix
Folding carton, corrugated box and merchandising display manufacturer RockTenn has purchased the 100th Heidelberg VLF press, which will be installed at its Clinton, IA, facility. Steve Voorhees, RockTenn CEO, and Craig Gunckel, executive vice president of merchandising display and folding carton, were on hand at Heidelberg’s Hall 11 assembly center, part of the Heidelberg Wiesloch-Walldorf Factory complex, to inspect the press and participate in a special event with Heidelberg executives and employees to salute the 100th press accomplishment.
Expected to close later this quarter, RockTenn will acquire A.G. Industries (AGI In-Store), a manufacturer of point-of-purchase displays and fixtures to the consumer products and retail industries. AGI In-Store is owned by American Greetings and employs approximately 300 employees in Forest City, NC.
Packaging manufacturer RockTenn is set to acquire Simpson Lumber's Kraft Paper Mill located in Tacoma, WA, for approximately $343 million. The mill operates a 55-megawatt green biomass fuel cogeneration facility that was completed in 2009 and sells electricity under a long-term contract.
NORCROSS, GA—RockTenn has acquired NPG Inc., an independent merchandising displays company. Headquartered in Chattanooga, TN, NPG provides a broad range of display products and services to retailers worldwide. NPG employs approximately 400 workers and operates two manufacturing facilities in Chattanooga and one in Las Vegas.
Kodak Fills Its Plate in China XIAMEN, CHINA—More than 300 people, including Eastman Kodak executives, customers, distributors, industry leaders and government representatives, recently gathered to celebrate the grand opening of Kodak’s newest printing plate manufacturing facility, located here. The plant, a $50 million investment, will produce both digital and conventional printing plates. Along with the new manufacturing facility, Kodak is creating a dedicated China Technical Applications Group (TAG) to provide technical support to customers in the Asia Pacific region. Branding Rises at VDP Conference PHOENIX—“Everyone is still learning,” is how one panelist summarized the state of the market at the recent PIA/GATF
PITTSBURGH—June 7, 2007—The Printing Industries of America/Graphic Arts Technical Foundation (PIA/GATF) announced the formation of a Center for Lean Practices to assist members with the implementation of Lean Manufacturing practices. The Center will provide consulting, training, publications, and a speaker’s bureau. The association reports that printers are increasingly recognizing the power of applying quality systems to their operations in an effort to reduce defects, expose wasted resources, and improve throughput. Lean Manufacturing is one way for members to meet client demands for faster turnaround, and stay cost competitive while protecting profit margins, according to PIA/GATF. Lean’s focus on driving out waste is also seen as