This week Julie Greenbaum highlights industry news from Jarden Corp. and Visant Holding Corp., the parent company of Jostens Inc.; RR Donnelley and Courier Advisory Group; Drummond Press and RGI; Deluxe Corp. and Datamyx LLC; Harland Clarke; Heidelberg; Canon Solutions America and Media One Digital Imaging Solutions; Graphic Arts Show Co. and GRAPH EXPO 15; and the Digital Book Printing Conference hosted by Printing Impressions and its sister publication, Book Business.
Jarden Corp. will acquire Visant Holding Corp. for an enterprise value of approximately $1.5 billion.
Announcing results for its second fiscal quarter, Visant reported consolidated net income from continuing operations of $22.0 million.
This week Julie Greenbaum highlights Mark Michelson's video interview with Ralph Nappi, President of Graphic Arts Show Company and NPES. Other industry news highlighted is from Visant Corporation/Phoenix Color/ALJ Regional Holdings, Heidelberg, Standard Register, Government Publishing Office and Gray Graphics, EFI and FedEx Office, and foldfactory.com.
ALJ Regional Holdings has entered into a purchase agreement to acquire all of the outstanding capital stock of Phoenix Color—a manufacturer of book components, educational materials and related products—from Visant Corp. "Phoenix Color has been servicing the publishing industry within the U.S. for over 30 years and has formed lasting relationships with some of the biggest names in book publishing...We are excited to add Phoenix Color to our family of market-leading companies under ALJ," said Jess Ravich, ALJ's executive chairman.
Announcing its results for the first fiscal quarter, Visant reported its consolidated net sales were $169.6 million.
SG360º, a Segerdahl company, has announced the acquisition of Broadview, IL-based direct mail printer Lehigh Direct, a division of Visant Corp. The combination of the two companies creates one of the nation's largest in-line variable imaging direct mail service providers.
Visant Corp. has announced results for its second fiscal quarter ended June 28, 2014, including consolidated net sales of $444.3 million, compared to $448.5 million for its second fiscal quarter ended June 29, 2013. Visant reported consolidated net income of $64.1 million for the second fiscal quarter of 2014, compared to consolidated net income of $56.7 million for the second fiscal quarter of 2013.
WHEELING, IL—SG360º, a Segerdahl company, has announced the acquisition of Broadview, IL-based direct mail printer Lehigh Direct, a division of Visant Corp.
Visant Corp. has reported its first fiscal quarter ended March 29, 2014, including consolidated net sales of $243.6 million, compared to $244.9 million for its first fiscal quarter ended March 30, 2013. Net sales for the Marketing and Publishing Services segment for the first fiscal quarter of 2014 increased $5.4 million to $99.3 million from $93.9 million for the first fiscal quarter of 2013.