The acquisition of Marin's International expands Quad/Graphics' global capabilities and ability to help retailers and brand marketers promote their products or services around the world. Marin’s will continue to do business under its existing name and brand mark, and operate autonomously under the direction of Jean-Michel Gaffé, a Marin’s veteran who now serves as general manager and president.
In the “old days,” runs were in the millions of copies and machines could run continuously for days.
Courier reports that its first-quarter results are in line with its expectations amidst the sale to R.R. Donnelley & Sons. In particular, Courier reported higher revenues in educational book publishing, its largest principal market, driven by double-digit growth at its digital inkjet facilities.
RR Donnelley & Sons (RRD) and Courier Corp. jointly announced today that they have signed a definitive agreement by which RR Donnelley will acquire Courier Corp., a leader in digital printing, publishing and content management in the United States specializing in educational, religious and trade books. The agreement has been approved by each company’s Board of Directors.
Commercial printer equipment installations and other news from Printing Impressions' February 2015 edition, featuring Naples Print Source, Imagine! Print Solutions, arvato North America, Premier Graphics, Up2speed Printing, RR Donnelley, DFS, Eastern Advertising Novelty and Proforma Marcom Solutions, Sheridan Books, Modern Litho-St. Louis, Blackburn Manufacturing, Quad/Graphics, Velocity Print Solutions, Think Patented, Ennis Inc. and Kay Toledo Tag/Special Service Partners, The Sheridan Press, Printscape Imaging & Graphics, Graphic Creations, Marketing FX and A. H. Belo.
It appeared that Courier’s roughly 1,500 employees would all be issued Quad/Graphics’ signature dark-blue work shirts to wear—a team-building concept initiated by the late Harry V. Quadracci many years ago. But that’s not how the closing chapter would ultimately be written for North America’s second largest book manufacturer.
If there was any doubt that Courier Corp. is one of the most respected book printers in America, that was put to rest by the January pursuit of the firm by its two chief competitors—RR Donnelley and Quad/Graphics. In the end, Courier Corp. decided that Donnelley's bid was too good to pass up and opted to terminate its agreement with Quad/Graphics. As part of the initial agreement, Quad/Graphics was given the opportunity to match RR Donnelley's offer, but declined to make any new proposal.
Courier Corp. announced today that its board of directors has reasonably determined in good faith, after consultation with its independent legal and financial advisors, that the non-binding, unsolicited proposal from RR Donnelley & Sons Company (RRD) to acquire the company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a "Superior Proposal" as defined in Courier’s merger agreement with Quad/Graphics Inc.
Courier Corp. announced today that it has received a non-binding, unsolicited proposal from RR Donnelley & Sons Company (RRD) to acquire the company for $23.00 per share in cash or RR Donnelley common stock, subject to proration in the event that shareholders elect to receive more than approximately 49 percent cash or more than approximately 51 percent stock.
I.T. Strategies, a Boston-based custom consultancy house serving the digital print vendor community, has released its analysis of the impact of Quad/Graphics' purchase of 20 of HP’s most productive color production inkjet web presses. According to the analysis, the immediate impact is the unequivocal validation of inkjet technology for book printing applications.
