The Southern California printing scene is taking a big hit with the loss of two well-known names in the industry. Anderson Lithograph of Los Angeles, one of the most prominent printers in Southern California, has been consolidated into ColorGraphics by its parent company, Cenveo Inc. In a letter to customers, Anderson Litho President Mark Tennant said the move is in response to the economic downturn.
Business Management - M&A
MONTREAL—Quebecor World has signed a multi-year contract valued at approximately $100 million with Boardroom Inc., to provide the printing and distribution of millions of newsletters, books and special reports. The agreement with the Stamford, CT-based Boardroom represents a more than six-fold increase in Quebecor World business volume with the company.
COHOES, NY—Mohawk Fine Papers has purchased the premium uncoated writing, text and cover brands from SMART Papers of Hamilton, OH. The purchase includes the Carnival, Passport, Genesis, Synergy, Pegasus, Magna Carta, Solutions, Feltweave, Nekoosa, Proterra, Skytone, and SMART Brights brands, and will reportedly make Mohawk the largest supplier of premium papers in North America.
Vision Graphics, Inc. announced today that it has signed a letter of intent to acquire Keyline Graphics,Inc. located in Denver, Colorado. The transaction is expected to be completed within 30 days and the present management team led by Del Baker will remain with the company following its completion. Other terms were not disclosed.
Océ, an international leader in digital document management and delivery solutions, today announced that it has entered into an agreement with Converting Solutions Inc. (CSI) to purchase Océ Imaging Supplies’ media converting assets and assume Océ’s wide format media distribution center activities in the U.S. This extension of CSI’s role in supplying quality media products for Océ wide format customers will result in increased geographical coverage and the ability to offer a wider range of custom media sizes.
BALTIMORE—A former American Color Graphics printing plant in Medina, OH, which had been scheduled to be shut down this summer, has been spared from the chopping block for now. According to the Akron Beacon Journal, parent company Vertis Communications felt that changing business conditions warranted allowing the facility to stay open through the middle of 2010.
GRAND RAPIDS, MI—Gilson Graphics has purchased certain assets of Integra Inc., creating a company with projected annual sales of $30 million. Gilson is now able to offer its customers products and services such as offset and digital printing (including large formats), perfect binding, UV coating, aqueous coating and diecutting. Creative and mailing services are among the other capabilities garnered in the acquisition.
MONTREAL—Transcontinental Inc. has acquired Conversys Inc., a Canadian print-to-Web provider that specializes in the seamless transformation of print marketing materials such as flyers and catalogs into rich, interactive Web content that is user-friendly and brand-consistent across multiple channels. The acquisition complements Transcontinental's existing print and interactive communications offering to major retailers.
HILLSBOROUGH, NJ—East Coast Media, based here, has merged with The Printing Co., of North Brunswick, NJ. The combined company will operate under the East Coast Media name. East Coast Media provides large-format printing, digital duplication, binding and mailing services, as well as graphic and Website design. The Printing Co. specializes in commercial printing, promotional products and forms.