Top 5 Printing Industry News Items in June
June came and went quickly, but that doesn't mean it wasn't a month full of big news in the printing industry. Here are the top five stories based on views by Printing Impressions' readers:
- RR Donnelley Spinoff Comes Under Fire for 'Poor Performance' - Early this month, Denali Investors Group sent a letter to the board of directors at Donnelley Financial Solutions, an RR Donnelley spinoff, urging the board to form a special committee to pursue strategic alternatives in light of its poor financial and stock performance. Not only that, Groveland Capital sent a similar letter to the Donnelley Financial Solutions board the following day.
- Cenveo Reaches Revised Chapter 11 Plan Agreement; Burton to Step Down - In February, Cenveo filed Chapter 11. This month, it was announced Cenveo had reached a revised Chapter 11 plan of reorganization settlement agreement, which would help it emerge from Chapter 11 bankruptcy protection. Amid that announcement, it was revealed that upon emergence from Chapter 11, Cenveo Chairman and CEO Robert G. Burton Sr. plans to step down, although the Burton family will still be in charge.
- Final Chapter for Book Printer Edwards Brothers Malloy Ends With Closure After 125-Year Run - After 125 years of service to the book printing industry, Edwards Brothers Malloy closed its doors on June 15. Though there was more to the story than most people originally imagined.
- The Xerox-Fuji Saga - After it was announced Fuji was suing Xerox for $1 billion in damages following a failed acquisition agreement, Xerox Vice Chairman and CEO John Visentin issued a public response.
- Vistaprint Could Add More than 600 Jobs to Dallas Area with New Facility - It was announced Cimpress was planning to build a 322,000-sq.-ft. manufacturing facility in the Dallas area for its subsidiary Vistaprint. It was awaiting approval from the Dallas City Council for $1.7 million in incentives for economic development. Shortly after the announcement, the Council gave its approval.