Year In Review : 2011 - Year of the Felony
Houston-based Consolidated Graphics (CGX) got into the act by swinging a deal for The Jackson Group, with two facilities in Indianapolis. CGX then named Patsy Koepke to the position of president of the Midwestern firm.
Classic Graphics, of Charlotte, NC, pulled off a deal, acquiring Belk Printing Technologies. The deal reportedly created the largest printing company in the Carolinas.
RR Donnelley of Chicago decided to close its plant in Greeley, CO, resulting in 177 lost jobs. The plant specialized in printed directories.
Book manufacturer Courier Corp., North Chelmsford, MA, opted to close its Stoughton, MA, facility. The firm cited technology shifts and competitive pressures behind the closure of the one-color paperback book specialist.
Quad/Graphics plunked down $15 million to augment its book manufacturing platform in Martinsburg, WV. The printer also beefed up its plants in Leominster, MA; Fairfield, PA; and Dubuque, IA.
The summer heated up with one of the industry’s biggest deals in 2011. In an actual trade of facilities, Quad/Graphics acquired Transcontinental’s Mexican operations. In return, Montreal-based Transcontinental reaped Quad’s Canadian operations (except for the Vancouver, BC, facility). Quad also received a portion of Transcon’s Canadian book printing operation.
The summer saw a flurry of activity: Philadelphia printers Smith-Edwards-Dunlap and Graphic Arts Inc. merged, as did New York’s Peeq Media and
Toppan America (creating Toppax). CGX also added RT Associates of Chicago.
Padgett Printing, a force in the Dallas commercial market for more than 100 years, decided to close its doors. It was a victim of a liquidity crisis.
The Printing Impressions/RIT Printing Industry Hall of Fame welcomed four new inductees: Ken Kaufman of Corporate Press in Lanham, MD; Mike Panaggio of DME in Daytona Beach, FL; David Pitts of Classic Graphics and Joel Quadracci of Quad/Graphics.
Command Web Offset,
Secaucus, NJ, announced it was closing its doors in November, leaving 105 employees without work. Continued inroads made by electronic books and digital publishing competition were the chief reasons behind the closure of the 40-year-old book printer.