Following a report by PrintAction about Peel Graphics filing for bankruptcy on August 9, Advertek of Vaughan, Ontario, released a statement late this afternoon that it has acquired assets of Peel Graphics.
The staff of Peel Graphics, according to the statement, has relocated to Advertek’s operation in Vaughan. This includes Andrew Cook, President, and Susan Nyilas, General Manager, of Peel Graphics.
“Clients of both companies can expect it to be business as usual, but with a broader suite of services, skills and solutions to meet the growing demands and complexities of the industry," stated Joe Montalbano, Advertek's Director of Sales, in the statement.
Advertek was founded 14 years ago. Montalbano and Simon Spina, Director of Finance, took over ownership, along with a third partner no longer involved in the business, back in 1999. The company officially opened its new facility in Vaughan in the summer of 2011.
Pazazz Printing has acquired large-format printer Contact Image. Both companies are based in Montreal.
Normand Limoges took the helm of Contact Image in 2010. The company provides large-format printing on a variety of substrates, including fabrics, backlit signage, and vinyls. "Just as Contact Image, Pazazz is known for bringing new technologies and innovative print solutions to its customers," said Limoges. "The blending of the two families will be easy."
Pazazz was founded in 1992 and today provides offset printing with UV and conventional inks up to 56 inches, toner production, flexography and label printing, as well as packaging and large-format printing.
KBA continues its push into the packaging sector with a move to take an 85 percent controlling interest in Kammann Maschinenbau GmbH, a German manufacturer of presses and systems for container, label and technical printing.
Private-equity firm Perusa of Munich, Germany, was the previous majority shareholder of the company. In addition to KBA’s 85 percent controlling interest, Kammann’s two managing directors will continue to hold a 15 percent stake in the company. The acquisition is still subject to formal conditions.
The investment in Kammann follows KBA’s March 2013 decision to take majority control of Flexotecnica in Tavazzano, Italy, which is still under review by regulatory authorities. Flexotecnica moves KBA into the flexible packaging sector, with an emphasis on films. Around 100 Flexotecnica employees build central-cylinder flexo presses.
Kammann Maschinenbau was founded in 1955 and has a total of 175 employees. In 2012, the company generated annual sales of over €30 million ($39 million). Kammann primarily produces presses and screen-printing systems for decorating hollow containers made from premium-quality glass, plastic and metal.
Along with screen printing, Kammann’s transport systems can also be equipped with hot-stamping, inkjet printing and decorating processes. Kammann, according to KBA, is the global market leader in developing systems for directly decorating glass containers.
Domtar Corporation of Montreal today announced an agreement to sell its Ariva business in the United States to privately held Central National-Gottesman (CNG) Inc. Ariva's Canadian operations are not affected by the transaction. The Canadian operations are to be consolidated into Domtar's pulp and paper division.
Shortly after its signing the transaction with Domtar, CNG then entered into another agreement to sell the U.S. Midwest portion of the Ariva business to The Millcraft Paper Company, a family-run paper merchant based in Cleveland, Ohio. CNG plans to integrate the remaining United States-based Ariva business into its Lindenmeyr Munroe division.
“Our employees’ efforts to adjust to a rapidly changing printing industry are commendable and I am appreciative of their dedication over the years," stated John Williams, President and CEO of Domtar. “Today's decision to rationalize and sell the business represents the best alternative for our shareholders and the agreement with Lindenmeyr, a well-established and long-time valued business partner of Domtar, will assure business continuity for customers.”
Ariva has approximately 400 employees in the United States, some of whom will lose their jobs, without exact numbers being disclosed. Headquartered in Covington, Kentucky, Ariva operates from 15 locations in the United States across eight states in the Northeast and Midwest regions.
In mid-2012, PaperlinX, as part of a worldwide restructuring program, sold its United States operations, listed as Spicers Paper Inc. and Kelly Paper Company, to Central National-Gottesman for US$76 million. At the time, CNG already ran 22 Lindenmeyr Munroe paper distribution facilities and stores.
The purchase of Ariva in the United States marks CNG’s sixth acquisition of a paper merchant in the past four years, including five in the U.S. and one overseas. CNG’s sales of pulp and paper exceed $4 billion annually.
Bencis Capital Partners of Belgium has moved to purchase 65.68 percent share interest of Xeikon, owned by Punch Graphix also of Belgium. Punch Graphix has recommended its approval of the deal to shareholders.
The purchase price offered for the 18,856,298 shares held by Punch is approximately EUR110 million or $150 million in Canadian dollars.
According to the agreement, Bencis will pay a price of EUR 5.85 for each Xeikon share, which equates to a premium of 69 percent versus Xeikon’s closing price on 7 January 2013, or a 32 percent premium in relation to the average closing price of the Xeikon shares over the last six months.
The transaction, expected to complete by mid-September, will still need to meet approval of regulatory authorities in the country. If the transfer of shares is completed, Gimv, another European investment company, is to acquire a 20 percent interest stake in Xeikon.
Xeikon was founded in 1988 and broadened its presence in the printing industry in 2004 with the launch of the Xeikon 5000 and Xeikon 330 toner presses. The architecture of this product line remains core to the company with its subsequent introduction of more advanced models, toners and front-end software.
Ricoh Company Ltd. today announced it made a multimillion-dollar investment in Avanti Computer Systems Ltd., a developer of Print Management Information Systems (MIS) based in Toronto.
This marks Ricoh's second significant investment in a printing-software company in the past 10 months after the company announced its investment in PTI Marketing Technologies in August 2012. PTI Marketing develops Web-to-print and marketing personalization applications, such as such as MarcomCentral and FusionPro, for both enterprise users and print-service providers.
“Avanti’s Print MIS capability is a perfect complement to our portfolio. In the same way we automate print workflow, Avanti automates the printer’s back office systems: inventory management, job pricing, estimating, and billing,” stated Yasuhiko Hosoe, Associate Director and Deputy General Manager, Ricoh Production Printing Business Group. “This strategic move, like our investment in PTI, further demonstrates our commitment to help companies imagine the changes that they can make to automate and improve their businesses, and most importantly, their customers’ experiences.”
Avanti currently has hundreds of MIS installations in commercial printing and in-plant operations, primarily in North America. The investment by Ricoh, which itself has been focusing on the development of new management tools for printers, will allow Avanti’s MIS applications, including job costing, tracking and billing, scheduling, CRM, inventory management, warehouse and direct mail management, to reach a broader global market. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2013, Ricoh Group had worldwide sales of 1,924 billion yen (approximately $20 billion).
“At Avanti, our priority has always been to invest in our people and our technology, which in turn, provides our customers with innovative, effective and award-winning software solutions,” stated Patrick Bolan, President and CEO of Avanti. “This strategic investment by Ricoh means that we can accelerate product development and expand into new markets, and most importantly, ensure that both current and future customers have options when choosing a Print MIS system.”
Since its founding in 1984, Avanti has been specifically focused on the development of print management software for the printing industry. At Graph Expo in September 2012, Avanti showcased version 12.4 of its Graphic Arts Management System, including its new Advanced Fulfillment module which was named as a Must See ‘Em product. The Advanced Fulfillment module includes a contract management system, where print providers can manage and track their customers’ finished goods, as well as manage the billing of those goods.
“I personally look forward to continuing to build the PrintAction brand," says Young, "And creating new opportunities for members of Canada’s printing industry to communicate with one another.”
[UPDATED June 28, 2013, 2:00PM EST] K-North Inc. has ended its distribution agreement with Komori America. Steve Ranson, who served as VP at the company, is forming a new entity called K-North Services Inc., which is to begin operations in Georgetown, Ontario on August 1, 2013.
K-North Inc. of Mississauga, owned by President Liana Howard, became Komori America’s sheetfed press distributor for Ontario and Western Canada in 2003 and proceeded to reestablish the Komori press brand across the country. Ranson was heavily involved in this effort through his previous role as Vice President of K-North Inc. He now takes on the title of President of K-North Services Inc.
"We look forward to continuing the great success of Komori in Canada," says Ranson.
Over the past decade, K-North Inc. placed new-generation Komori technologies like the Lithrone S40, SX29, and GL40 into dozens of Canadian pressrooms. The organization also ran one of Canada’s largest press service departments through its Komori-Kare program (established 2010) and REMOTE-ACCESS (established 2012).
“We at K-North Inc. felt it was the right time to cease selling new machinery,” reads a statement issued this morning by K-North Inc. “During the last few months, we together with Komori America discussed the right way to provide peace of mind to our customers, and we are both happy to report that effective August 1, 2013, a new business, K-North Services Inc. will continue the work and take over all Komori obligations. Furthermore, the right management and ownership has been put in place headed by Mr. Steve Ranson.”
When K-North Services begins operations on August 1, 2013, the new business will also distribute consumable products like the K-Press blanket cloths and Finito blankets, as well as KUDA guillotines and peripheral equipment.
Somerset Graphics has installed a new 6-colour, 29-inch Komori LSX 629 press with UV capabilities into its Mississauga facility.
The Komori LSX 629 press, sold through K-North, can do both inline UV printing and conventional printing with water-based coatings. The new 29-inch press also includes fully automatic plate changers and wash-up systems, as well as closed-loop colour controls.
“We will have more to offer our customers at very competitive prices,” stated Jack Youngberg of Somerset Graphics, in a press release. Youngberg also noted the benefits of adding another interdeck press system on the company’s pressroom floor.
Founded 33 years ago, Somerset Graphics is a privately owned commercial printing operation and well known in the Greater Toronto Area for its focus on high-quality production.
The C.J. Group of Companies, which owns C.J. Graphics of Toronto, has purchased the publishing entity Design Edge Canada, including its printed magazine and associated Website and the Regional Design Awards.
"We are very excited about taking on this publication and its affiliated properties,” stated Jay Mandarino, Founder and CEO of C.J. Graphics “It’s important to us that this publication flourishes and continues its mandate to inform and inspire graphic designers, art directors and all other professionals associated with design in its many forms across Canada.”
Design Edge Canada was founded in 2006 by North Island Publishing Ltd., which produces Graphic Monthly magazine.
EFI adds to its portfolio of Management Information Systems (MIS) software with the acquisition of printLEADER, a privately held MIS developer based in Palm City, Florida.
printLEADER technology is installed at over 800 printing operations. The financial terms of the acquisition were not disclosed, but EFI states the purchase is not expected to be material to its second-quarter or full-year 2013 results.
“We are very pleased to have printLEADER join the EFI family and our expanding portfolio of business automation technologies,” stated Marc Olin, Senior VP and GM of EFI Productivity Software (EPS). “We also welcome printLEADER’s customers to our global client base.”
printLEADER’s MIS products are to be integrated into EFI’s PrintSmith Vision product line. EFI states that it will also continue to support the existing printLEADER client base, which consists of more than 800 commercial and in-plant printing operations across North America. In addition to PrintSmith Vision, EFI’s MIS portfolio includes EFI Pace, EFI Monarch and EFI Radius, which will not be altered after the purchase.
“Our customers need to remain extremely competitive in today’s 24/7 world,” stated John Fleming, Founder and President of printLEADER. “After 25 years, the timing is right to join EFI.”
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