Stamford, Conn.-based Cenveo Inc., which has been struggling for some time partly from its heavy debt load due to past acquisitions as a one-time major printing industry roll-up consolidator, announced today that that it has reached an agreement with holders of a majority of its first-lien debt to support a voluntary Chapter 11 plan of reorganization.
Spicers Paper and The Gilman Brothers Company are extending their authorized distribution agreement for 2017. As an authorized distributor, Spicers Paper will continue to be a key supplier of Gilman Brothers’ full line of rigid substrates including INFINITY styrene-faced foamboard and InSite Reveal clay-coated foamboard, as well as EAGLECELL all-paper graphics board.
Direct Color Systems received a patent — Patent no. 9,498,977 — for its UV LED ADA-Compliant Braille sign printing process.
STAMFORD, CT—Mark Hiltwein has been promoted to the position of president of field sales and manufacturing for Cenveo, one of several management
appointments designed to add leadership and operational strength to the organization. Kenneth Viret was elevated to the role of senior vice president and CFO, while Scott Goodwin has been named corporate controller.
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.
STAMFORD, CT—The management team at Cenveo has awarded college scholarships to 51 children of company employees in the first year of a program originated by Robert Burton. The program awarded students based upon a number of criteria, including educational success, community service, athletic team and club participation.