The Hennegan Company
While many magazine and catalog printers have reported some improvement in their sectors since 2009, economic and industry uncertainty still carried its weight into 2010. Reduction in advertising pages, a migration to digital alternatives, and the rising cost of postage and paper have remained key issues.
It's hard to believe that this year's Printing Impressions/RIT Printing Industry Hall of Fame ceremony, held in conjunction with GRAPH EXPO in Chicago next month, will be our 25th annual induction class. That first Hall of Fame group in 1985, coincidentally, marks the same year I was named editor-in-chief of the magazine. While the Printing…
Printing is still part of the solution at Consolidated Graphics (CGX), the $1.2 billion commercial kingpin based in Houston. But people are an even bigger part. Joe Davis, president and CEO of the 10th largest printing enterprise in North America, likes to surround himself with energetic, enthusiastic and intelligent folks.
LAST MONTH marked my third anniversary heading up mergers and acquisitions at Consolidated Graphics (CGX), and it feels like three months instead of three years. This may be due partly to the fact that we have been very busy on the M&A front.
Skilled Labor Controversy Dear Editor, I read with great interest your two-part article by Cheryl Adams, “Skilled Labor: Help Wanted” [March] and “Cure for Workforce Woes” [April]. My interest peaked when I read that parents are part of the reason that young adults do not go into the printing industry. Boy, is that the truth. Only the reason is that these kids have seen their parents laid off, downsized, globalized and right-sized out of the industry. So why would a young adult go into an industry that has abandoned their parents that helped build this industry? You bet, “It isn’t your daddy’s print shop
LAgraphico Hosts ‘Thinking Green’ Event BURBANK, CA—LAgraphico, an imaging solutions provider to the entertainment industry, recently hosted an open house to explain its ongoing “green” initiatives and generate enthusiasm and support from its environmentally conscious clients—the likes of which include Paramount, NBC/Universal, Warner Brothers, The Walt Disney Co., Microsoft/XBOX 360, Nokia and Activision. Four separate tours of the facility were given throughout the day to accommodate the busy schedules of the Hollywood clientele. Company executives Brandon Gabriel and Dan Stillwell played tour guides and began with a brief introduction, then led each tour group to four main stations. The first station, Premedia, was manned
Valassis, ADVO Settle, Merge LIVONIA, MI—After several months of acrimony, Valassis and ADVO have decided to patch their differences and merge. The sides have dropped their chancery court case and will move under one roof via a renegotiated $1.2 billion deal, at $33 per share for the outstanding common shares of ADVO stock. The deal is expected to close in the first quarter of 2007. Bowne Buys St Ives Financial NEW YORK—Bowne & Co. is acquiring St Ives Financial, the financial printing division of St Ives plc. Terms of the deal were not revealed. St Ives, which is keeping its annual report printing business, has financial printing
HOUSTON—After briefly flirting with the idea of selling the company, Consolidated Graphics (CGX) decided that staying the course would be the most appropriate course of action. CGX has once again proven it is willing to resume business as usual by announcing plans to acquire The Hennegan Co., which is based in the Cincinnati suburb of Florence, KY. CGX signed a letter of intent to acquire Hennegan, an $85 million web, sheetfed and digital printer that produces a wide array of high-end products, including marketing materials, annual reports, brochures and catalogs, among other things. The transaction is expected to be completed within the next 90 days. “Bob
HOUSTON—Only months after mulling a possible sale of the company, Consolidated Graphics (CGX) made a statement Friday that it was completely back in the M&A game with the planned acquisition of The Hennegan Co., based in the Cincinnati suburb of Florence, KY. CGX signed a letter of intent to acquire Hennegan, an $85 million web, sheetfed and digital printer that produces a wide array of high-end products, including marketing materials, annual reports, brochures and catalogs, among other things. The transaction is expected to be completed within the next 90 days. “Bob Ott Sr., Bob Ott Jr., Kevin Ott and the employees of The Hennegan Co. have