Commercial printer company and personnel news from Printing Impressions’ October 2013 edition, featuring Classic Graphics, Bartash, Design Distributors, Canfield & Tack
St. Ives Inc. U.S.
In the grand scheme of things, the Broncos’ decision to 86 their traditional 500-page playbooks for the 2012 season in favor of iPads is more symbolic than impacting. The assumption is that the Broncos probably printed their playbooks in-house, or took it to a local copy shop.
HOLLYWOOD, FL—The free-fall from the top continues for one of the nation's once-prolific commercial printing companies. Angstrom Graphics, led by CEO Wayne Angstrom, plans to shut down its facility here and lay off 161 employees, a move that is expected to take place by Aug. 6, the South Florida Sun-Sentinel reported.
Angstrom Graphics, a commercial printing company, on Friday notified the state of Florida that it plans to lay off 161 employees. The company’s Hollywood (FL) printing plant is being shut down, with operations ending Aug. 5, said Wayne Angstrom, chief executive, in an e-mail. Only Angstrom’s creative services businesses will remain in Florida with 19 employees, he said.
“The economic conditions during the last three years in this country and Florida have resulted in the Hollywood plant no longer being financially viable,” Angstrom said.
Prior to a 2009 management buyout, the plant operated under the name St. Ives
Printing Impressions' Upfront commercial printing industry news for August 2008.
HOLLYWOOD, FL—Angstrom Graphics, the former St Ives U.S. division, has started up a second new Komori System 38S web offset press in its facility here. According to Wayne Angstrom, chairman and CEO of Angstrom Graphics, the installation and startup process has "exceeded expectations by hitting all performance metrics within a four-week startup window." Two additional web presses are planned within the next year to complete the web platform modernizing effort in both Florida and at Angstrom Graphics Midwest in Cleveland.
IT’S HARD not to automatically view everything through the frame of the current economic climate. In most cases, however, the business challenges companies are struggling with were preexisting conditions that have now been greatly amplified. The trend toward print buyers, at every level, cutting back their order quantities is a case in point.
Wayne Angstrom, chairman and CEO of St Ives U.S., spearheaded the management-led buyout of the division from St Ives plc of London. The deal is valued at $39 million, including $34 million in cash. The consideration included a $5 million secured promissory note.
HOLLYWOOD, FL—Wayne Angstrom, chairman and CEO of St Ives U.S., is heading the management-led buyout of the division from St Ives plc of London. The deal is valued at $39 million, of which $34 million in cash will be paid upon completion. The consideration also includes a $5 million secured promissory note. The deal is expected to be completed January 21.