Diversification has served UniGraphic Inc. well during arguably the most difficult economic period in the printing industry since the Great Depression. It is bullish on the future of all things large following the acquisition of two big-bodied inkjet printers.
MAZOMANIE, WI—Just 16 months after it was rescued from receivership, the former Sunny Industries is slated to close its doors once again. The 350,000-square-foot facility—now called Synergy Web Graphics following its acquisition by Synergy Graphics of Plymouth, MN—will shutter on September 19, the Wisconsin State Journal reported. The move will leave 125 workers without jobs.The…
The 2012 Printing Impressions 400 list of the largest printing companies in the United States and Canada as ranked by annual sales.
PLYMOUTH, MN—Synergy Graphics played the role of white knight when it acquired the assets of Mazomanie, WI-based Sunny Industries from receivership. Sunny, which closed its doors December 22, will be renamed Synergy Web Graphics when the transaction closes February 10.According to Michael O’Meara, co-owner of Synergy Graphics, the company hopes to rehire many of the…
MAZOMANIE, WI—For the employees of Sunny Industries, it was a case of Christmas in February. The company’s acquisition from receivership by Synergy Graphics may not constitute a miracle, but the workers will settle for getting their jobs back. It was a sad time for Sunny—reportedly being sued by creditors who were owed more than $7 million in equipment and related costs—when it closed down only days before Christmas, leaving 380 workers without jobs. At the time, company President Mike Spitz was not optimistic that a buyer could be found. Enter Synergy Graphics of Fridley, MN, which posted the winning bid of $7.8 million at auction on
Valassis Nixes ADVO Deal LIVONIA, MI—Alleging fraud, Valassis Communications has sued ADVO in chancery court to rescind its $1.3 billion merger agreement. Valassis alleges ADVO intentionally provided false information and “withheld material information” regarding operating income. The suit also alleges ADVO executives knew of significant internal control deficiencies associated with ADVO’s order-to-cash system. ADVO sees the move as “merely a smokescreen to hide the fact that Valassis is suffering from an extreme case of buyer’s remorse,” and plans to contest the action. Quad Hits the West Coast SUSSEX, WI—Quad/Graphics has ventured west with the acquisition of Craftsman Press West, based in Reno, NV. The facility becomes Quad’s
PLYMOUTH, MN—Synergy Graphics has acquired the web, mailing and fulfillment assets of Scoville Press, based here. Terms of the deal were not disclosed.The acquisition allows Synergy Graphics to bolster its commercial printing offerings, which will now include web, sheetfed and digital printing. The deal also brings the company in-house mailing, fulfillment, finishing and other postpress…
PLYMOUTH, MN—July 31, 2006—Synergy Graphics Inc. has recently purchased the web, mailing and fulfillment assets of Scoville Press Inc. of Plymouth, MN. Financial details of the transaction between the two privately held companies were not disclosed. With the acquisition, Synergy broadened its range of commercial printing services, which now includes web, digital, and sheet-fed printing, plus a host of in-house mailing, fulfillment, finishing and other post-print capabilities. The asset purchase now means Synergy has operations in three locations: Fridley, MN – fulfillment and mailing; Plymouth, MN – printing and finishing; and St. Cloud, MN – election services and supplies. According to co-owner Mike
Postal Commission OKs Hike WASHINGTON, DC—A 5.4 percent increase in United States Postal Service (USPS) rates virtually across the board has been approved by the Postal Rate Commission. The rate increases were expected to take effect by the middle of January. The increase will help the USPS meet its $3.1 billion escrow payment due in 2006. Nonprofit mailings will go up by 3 percent, while the book rate will balloon 12.7 percent, in accordance with the requirement that all classes of mail cover their direct cost of service. A First Class stamp will rise by 2 cents. Quad Signs Billion Dollar Deal SUSSEX, WI—Quad/Graphics and
OPPENWEILER, GERMANY—Imagine a manufacturing operation where various MBO folding machines are custom-made to order. Where highly skilled engineers still produce spiral fold rollers by hand—just as they have done since the first MBO machine was built in 1967. And where even the electrical panels for the sophisticated Navigator control system are made in-house. That's just the world a group of U.S. printers and trade binders saw recently during a tour of MBO Binder GmbH & Co.'s manufacturing plant here in this quaint German community located near Stuttgart. MBO also has a large manufacturing facility in Porto, Portugal, used for mass production, whereas equipment assembled in