MONTREAL—Transcontinental Inc. will invest C$60 million in state of the art equipment at its Transmag newspaper printing facility here. The additions, which are expected to be completed in 2009, will enhance the printer’s ability to produce daily and weekly newspapers, along with specialty publications. Included is an expansion of the facility from 80,000 square feet…
MONTREAL—Transcontinental Inc. has signed an exclusive six-year contract, valued at approximately C$210 million, to print the complete stable of more than 70 Rogers’ magazines. The deal represents all new business for Transcontinental. Rogers is the largest magazine publisher in Canada, producing consumer, business and professional titles.
MONTREAL—After identifying two non-cash accounting errors in preparation for its year-end financial statements, Transcontinental Inc. will be restating its financial statements for prior years.Income tax liabilities at the end of 2006 were understated by approximately $10 million. A second error saw property, plant and equipment of Mexican subsidiaries overstated by about $10 million at the…
BIG NAMES were on the move in 2007. It was a year in which major mergers and acquisitions jammed the headlines of our news pages. And some deals never quite got off the ground, while others are in a holding pattern. There was an explosion of headline grabbers to open 2007, led by a pair of major transactions and a political coup for the industry. Having been thwarted in his efforts to acquire Banta Corp. by RR Donnelley on Halloween 2006, Cenveo Chairman and CEO Bob Burton hammered out a deal to acquire Cadmus Communications for $24.75 a share, or a total of $430
VDP ‘Masters’ Mentor on Tricks Of Printing Trade PHILADELPHIA—To help educate its clients (and prospective customers) with the latest trends in printing and variable data printing (VDP), Innovation Printing & Communications hosted a full day of seminars—billed as “The Masters of Printing and Variable Data”—in its new 67,000-square-foot facility on September 27. Innovation also invited representatives from Heidelberg, Adobe, Xerox, RIS Paper (Domtar Distribution Group), Clemson University and 23K Studios Inc. to participate in the event. Innovation’s energetic staff gave tours of the new facility during the course of the day, while several leading experts discussed various topics, including: the benefits of VDP and
MONTREAL—Shareholders of PLM Group have tendered nearly 98 percent of the company’s outstanding stock under the proposed offer by Transcontinental Inc. In August, Transcontinental announced its intention to acquire PLM Group for $3.50 per share.Founded in 1987, PLM has 470 employees in the Greater Toronto Area and reported revenues of $126 million in 2006.
PITTSBURGH—October 11, 2007—Offset and Beyond, the only national conference developed by printers for printers, announced signature content for its event scheduled for April 26–29, 2008 at the Renaissance Schaumburg Hotel & Conference Center in Schaumburg, IL. “There will be outstanding networking opportunities with industry notables, cutting-edge programming, and immediate take-home value for all attendees,” said Ralph Pontillo, Vice President, Division Director at Transcontinental Printing Inc. “This is a must-attend event and will continue to be for the foreseeable future.” Known for its world renowned keynote speakers, Offset and Beyond delivers once again with James Bradley, Author, Flags of Our Fathers, and David Gregory, NBC Chief White House
MONTREAL—Francois Olivier, the son-in-law of Transcontinental founder Remi Marcoux, will be taking command of the Canadian printing giant in 2008. Transcontinental’s board of directors unanimously appointed Olivier as its next president and CEO, effective February 20, 2008. Olivier replaces Luc Desjardins, who is leaving to pursue other opportunities. Under Desjardins, Transcontinental grew from a market capitalization of C$653 million to C$1.8 billion. “We have the right teams in place at the head office and in our three operating sectors,” Desjardins said. “We have a proven decision-making structure and processes. . .I am leaving the company in good hands and in an excellent position for the
MONTREAL—Francois Olivier, the son-in-law of Transcontinental founder Remi Marcoux, will be taking command of the Canadian printing giant in 2008.Transcontinental’s board of directors unanimously appointed Olivier as its next president and CEO, effective February 20, 2008. He replaces Luc Desjardins, who is leaving to pursue other opportunities.Under Desjardins, Transcontinental grew from a market capitalization of…
MONTREAL—Transcontinental Inc. is bidding to take control of Toronto-based PLM Group. Transcontinental has made a takeover bid of C$3.50 per share for PLM’s 29.5 million outstanding shares, with a total enterprise value, including debt, of $130 million. Barry Pike, founder, chairman and CEO of PLM, and Pike Holdings—a holding company he controls—have signed a hard lock-up agreement to tender his shares, which account for 51.2 percent of the outstanding shares. On the day the deal was announced, the offer represented a 25 percent premium over PLM’s trading price on the Toronto Stock Exchange from the previous day. PLM Group posted revenues of C$126 million in 2006.