Year in Review: Not the Best of Times
The EPI Cos., a $51 million-a-year, Marietta, GA, printer, announced it was closing on April 15. Naperville, IL-based Solar Communications also shut down after a run of nearly 50 years. Cenveo, meanwhile, fired up the M&A engine by plunking down about $44 million in cash and stock to obtain Nashua Corp.
Ralph Pontillo, one of four 2009 PI/RIT Printing Industry Hall of Fame inductees, purchased Miami Valley Publishing of Fairborn, OH, from its parent company, Transcontinental. Miami Valley specializes in retail insert printing.
Joining Pontillo on the Hall of Fame podium in Chicago were Janet Green of Greens Printing in Irvine, CA; Steve Hayes of Omaha Print in Omaha, NE; and Herb Zebrack of Lithographix in Hawthorne, CA.
DS Graphics, Lowell, MA, purchased bankrupt digital printer LaVigne Inc. (LVI) of Worcester,
MA. LVI’s facility there was kept intact, with CEO Chris Wells spearheading the integration of client relationships.
In press manufacturer news, Holger Garbrecht, KBA North America’s president and CEO, resigned his post at the end of August. He was replaced by Mark Hischar. Meanwhile, a rumored merger between Heidelberger Druckmaschinen and manroland AG never materialized.
MSP Digital Marketing of New Canaan, CT, acquired a substantial interest in Tec Doc Digital Solutions (TDDS), then forged a strategic partnership agreement with Tracer Imaging of White Plains, NY.
NewPage Corp. and fellow U.S.-based coated paper manufacturers Appleton Coated and Sappi Fine Paper North America petitioned the federal government to impose duties on China and Indonesia for subsidizing and dumping certain coated paper. The petitions covered coated paper used in high-quality writing, printing and other graphic applications using sheetfed presses with a GE brightness rating of 80 or higher.
The NAPL politely declined the invitation to hold merger talks with the PIA, citing a preference to remain independent while focusing on its consulting business. The news came at a time when some observers felt the industry could not support two associations for printers.