Bowers Envelope is a manufacturer and printer of envelopes based in Indianapolis, Indiana. "This acquisition, while relatively small, aligns with our strategy to extend our reach in key markets and to expand our value added offering in packaging and specialty products," said Stewart Emerson, President and CEO of Supremex. "Bowers Envelope is a well-known brand strategically located less than 300 kilometres from Chicago… in a robust envelope market and a major hub for e-commerce distribution.”
Founded in 1928, Bowers Envelope Company Inc. employs approximately 50 people at its 75,000-square-foot Indiana facility. In 2015, Bowers generated approximately US$8.5 million in revenues from the sale of stock and custom envelopes. Mike Daniel, Bowers’ current General Manager, will continue to lead the local operation.
"We believe our cross-country Canadian operations, our Massachusetts, New York and now midwest facilities' capabilities and scale, allows us to be a bona fide regional player in the U.S. Market,” said Emerson. “With the addition of Bowers Envelope, Supremex is now well-positioned to serve approximately 60 percent of the U.S. envelope market.”
“Sun Chemical remains committed to all its publication businesses,” said Felipe Mellado, Chief Marketing Officer and board member at Sun Chemical. “The acquisition of Flint Group’s publication gravure ink business reaffirms our commitment to this sector and will enable us to further strengthen and enhance the performance of our own publication gravure plants.”
Sun Chemical, a member of the DIC group, is headquartered in Parsippany, New Jersey, and produces printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than US$7.5 billion and over 20,000 employees around the world.
Advocate will not assume ownership of Transcontinental Inc.’s national clients, newspaper publishing and newspaper printing, or retail flyer printing business.
“We are excited to welcome new members to the growing Advocate family and provide the best client service, printing and creative options in Atlantic Canada,” said Sean Murray, President and CEO of Advocate Printing. “Our focus now is bringing the benefits of our expanded team and capabilities to our new and existing client base.”
Advocate explains the incoming sales and client-service team will remain in Dartmouth at Advocate’s office in Burnside. Several production team members will be offered positions at the company’s Pictou and Bridgewater facilities.
“This acquisition strengthens our position as Atlantic Canada’s leader in commercial printing and is another positive step in the continued growth and evolution of our business,” said Murray. “The move allows us to grow and service our customer base through existing Nova Scotia facilities in Pictou, Bridgewater and our New Brunswick facilities in Dieppe and St. Stephen.”
The majority of the new production will be transferred to Advocate’s flagship printing facility in Pictou with some production going to Bridgewater, the latter of which focuses on short- and medium-run printing. Other equipment will be moved to Advocate’s Dieppe and St. Stephen facilities where the company focuses on what it describes as entrepreneurial print and administrative printing.
Founded in 1891, Advocate Printing & Publishing is described as the largest independent printer in Atlantic Canada. The company services clients throughout the Atlantic Provinces, the eastern seaboard and across Canada through printing facilities in Pictou, Bridgewater, Nova Scotia; Dieppe, New Brunswick and St. Stephen, New Brunswick. The print business includes production of a range of work from national flyers, magazines and direct mail to brochures, business cards, and promotional materials.
Additionally, Advocate publishes 10 newspapers, 21 trade and regional magazines, a flyer distribution organization, and operates commercial photography, creative design and digital services operations.
In addition to expanding its services into the United States, Planet Paper explains the acquisition also enhances its end-to-end display, packaging and merchandizing offerings. The family-owned business, with more than 300 employees, will operate as Planet Display & Packaging Inc. Terms of the transaction were not disclosed.
“Leveraging the Planet Groups' excellent design capabilities and implementing their proven manufacturing best practices will provide our customers with exceptional display and packaging solutions and provide our employees and business partners significant opportunities for growth," said Dave Ticchione, General Manager, Planet Display and Packaging Inc.
Both Planet Paper and Tricor – focusing on packaging, point of purchase display and retail signage– serve retailers and consumer packaged goods customers in pharmaceuticals, health and beauty, electronics, stationaries, food, beverage, consumer product, household and personal care segments.
Planet Paper Box is the company’s primary sheet plant in Concord, Ont., accounting for 150,000 square feet, which has supplied corrugated cartons and sheets to a variety of businesses since 1963.
EPS, founded by Julian Joffe in 1985, has built its business through supplying customized and bespoke printing solutions for a variety of market sectors including promotional, packaging, medical, automotive, apparel, appliances, sports equipment and toys. One of its focuses has been to develop flexible and cost effective digital inkjet solutions. In 2015, EPS generated $14m of revenue and today employs 60 staff.
“The product printing market is served by multiple print processes today and the fastest growing is inkjet,” said Doug Edwards, CEO of Xaar. “Here, just as with other industry sectors, there is great potential to accelerate the adoption of inkjet. EPS has established a successful business and is well positioned to continue to grow. Xaar gains a strong customer base and footprint in North America, a region Xaar has been targeting for growth. The integration capabilities EPS brings to Xaar will enable us to provide greater support to our existing and new OEM partners.”
“Stakeholders in today’s industry operate in a highly competitive, high-technology field that requires a superior level of technical expertise and management acumen,” said Idealliance President and Chief Executive Officer David Steinhardt. “Consumers are digesting content in new ways, requiring buyers of print and digital communications to meet an ever-evolving demand for orchestrated content across a variety of print substrates and digital media.”
Idealliance explains its resources are segmented within six primary service areas, including: Best practices and working groups, certification and training, advocacy and advancement, strategy and consulting, education and events, and publications and research.
Steinhardt continues to explain Idealliance will serve as a united voice for the graphic and digital communications industries, from content creators and brand managers to marketers, printers, mailers, and fulfillment experts.
Idealliance will continue core programs and services in research and trends analysis, including the annual State of the Industry Report; strategic business development consulting; and industry standards defining color, digital, mail, and media workflow, including G7, GRACoL, Mail.dat, PRISM, and SWOP.
Newly purchased Robbie Manufacturing specializes in on-site packaging needs for grocery stores, shrink wrap packaging of multipack consumer goods, and packaging solutions for food processors. With more than 175 employees, the generated US$50 million in annual revenues in its most recent fiscal year.
“This acquisition is great news for the ongoing development of our flexible packaging division, an important area of growth for the corporation," said François Olivier, President and CEO of TC Transcontinental. "The acquisition of Robbie Manufacturing is strategic on two fronts. It allows us to enter into two new packaging niches while also creating opportunities for synergies with our existing facilities nearby.”
Robbie Manufacturing was founded in 1970 by Bernard Robinson and his son Irv, and had just six employees focusing on perforated film to wrap produce.
“It's a privilege for Robbie Manufacturing and the entire team to join the ranks of TC Transcontinental, a solid, well-established family-controlled corporation led by seasoned leaders and driven by a vision for the future," said Irv Robinson, CEO of Robbie Manufacturing.
TC Transcontinental has close to 8,000 employees in Canada and the United States, and generated revenues of $2.0 billion in 2015.
EFI explains the maximum purchase price of Optitex is approximately US$52.8 million, which includes a US$20 million upfront cash payment, US $3 million of which was placed into escrow, and annual cash earnout payments over three one-year periods of up to an additional US$32.8 million in total.
Payment of each tranche of the earnout is contingent upon the achievement of annual profitability and growth targets, EFI explains, with the revenue targets in the three earnout periods exceeding US$73 million in the aggregate in order to achieve the full earnout payment. EFI explains the acquisition is not expected to be material to its Q2 results and the purchase is expected to contribute US$4 million to US$6 million in revenue for the balance of 2016 and be neutral to EPS during that time.
"We are thrilled to add the Optitex team and its fast-growing base of industry-leading customers to the EFI family," said Gabriel Matsliach, Senior VP and GM, EFI Productivity Software. "Optitex technology, combined with EFI Reggiani digital printers, will expand our textile ecosystem and help our customers set new standards for time-to-market, on-demand manufacturing, cost efficiency and automation in the textile industry."
Asaf Landau, CEO of Optitex, and approximately 100 members of the company have joined EFI, with Landau serving as EFI Optitex's General Manager. Optitex has offices in the U.S., Italy, India, Hong Kong and Israel.
The asset sale to Star News Publishing Inc., a local newspaper publisher and printer with interests in Saskatchewan and Alberta, includes some commercial printing equipment and related book of business in Saskatchewan.
The sale of the local newspapers is effective immediately as of the end of May, while the printing plant, located at 56th Street East in Saskatoon, will remain in operation for a transition period, after which it will close. The closure of the Saskatoon printing plant will result in the loss of approximately 30 full time positions when the transition period is complete.
“Given challenging market conditions and limited synergies with the rest of our assets, primarily in Quebec and Eastern Canada, we have made the decision to divest of our newspaper publications, located throughout Saskatchewan,” said Julia Kamula, Senior Vice-President, TC Media Local Solutions.
“From a geographic perspective, the reality of operating a small number of newspapers in Western Canada was simply not efficient for TC Media,” continued Kamula. “The new owner’s portfolio of assets is much more aligned with these publications, better enabling their growth and continued evolution. This transaction is a very positive development for both our employees and these operations moving forward.”
The newspapers involved in this transaction are:
Moose Jaw – The Moose Jaw Times Herald (Daily) and unCut (Weekly)
Prince Albert – The Prince Albert Daily Herald (Daily), Rural Roots (Weekly) and SHOP P.A. (Periodical)
Swift Current – The Southwest Booster (Weekly)
Coronach – The Triangle News (Weekly)
Grenfell – The Grenfell Sun (Weekly)
Broadview – The Broadview Express (Weekly)
Oxbow – The Oxbow Herald (Weekly)
Radville – The Radville Star (Weekly) and Deep South Star (Weekly)
Southern Life (Monthly)
“In light of the current print market, we must continuously adapt and review our equipment utilization to maximize our printing platform,” said Jacques Grégoire, President of TC Transcontinental Printing. “Given the sale of our local newspapers and the remaining commercial printing volume in the plant, we made the decision to dispose of our printing assets in Saskatchewan.”
Roger W. Holmes, owner of Star News Publishing Inc. added: “With our long-standing and innovative printing and publishing roots in Saskatchewan and Alberta, we feel we are well positioned to take the TC Transcontinental publications and print operations to the next level.”
“Advertek has been on a strategic growth initiative to enhance its market position and emphasize the power of its single-source offering in a fragmented industry that is calling for stability and progressive continuity,” said Montalbano. “Our foremost commitment is to our clients, staff and vendor partners.”
The purchase enables Advertek to expand services around wide format and digital printing, as well as direct mail and full letter shop services. Collectively, Advertek’s new operation with SLG capabilities now proivdes branding and creative design services, customized e-stores, litho sheetfed, wide format and digital printing, direct mail and full letter shop services (in-house), binding and die cutting services with specialty finishes, fulfillment, warehousing, distribution and remote access proofing.
“SLG’s sales, customer service and operating resources have been instrumental in having their clients put their trust in the company’s product offering,” said Spina. “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.”
In November 2010, Advertek began operating out of a new, custom-built 30,000-square-foot plant in Vaughan, Ontario. Montalbano and Spina took over Advertek’s ownership in 1999. At the time, Advertek was an 8-employee shop running a 4-colour Solna press. Today, the company has one of the most modern commercial printing facilities in Greater Toronto.
“This acquisition expands and strengthens our media and equipment offering,” said Stephen Fletcher, Vice President, Cansel. “And most importantly, the addition of PMP Media, increases our presence and customer support in Quebec."
Founded in 1978, PMP Media specializes in paper conversion and distribution of large format digital equipment and media, including specialty papers, inks and other supplies.
"We are excited to join Cansel," notes Richard Marleau, President, PMP Media. "As a supplier, this acquisition will strengthen our position in the large format market, allowing our customers to benefit from a wide range of products, equipment and large format services."
By acquiring Generation, which was founded nearly 20 years ago by Edward and Rob Kouwenhoven, Rayacom explains it increases its total production space by 30,000. Rayacom previously had 11 branches across Canada including locations in Toronto, Regina, Saskatoon, Edmonton, Red Deer, Calgary, Kelowna, Burnaby and Vancouver.
A statement from Rayacom, which was founded in 2004, explains the Generation asset purchase will allow it to “reach new markets and better serve agencies and brokers within the trade printing market,” while also printing on larger sheet sizes, produce metallic prints and work with 48-point cardstock.
“Generation Printing is a significant player in the Vancouver market, with unique manufacturing capabilities and strong complimentary customer relationships,” said Austin Tran, Rayacom Group’s CEO. “With immediate synergies, this transaction enhances our market presence in the West Coast, and significantly elevates our manufacturing capabilities while improving our ability to unlock capacities in our various stores across Canada.”
Generation Printing will continue to operate as an individual entity. “Rayacom's national footprint and innovative approach to printing makes them the perfect company to take our organization to the next level. This strategic acquisition will create more and better choices for our customers and we anticipate a seamless transition,” said Edward Kouwenhoven, CEO of Generation Printing.
The three companies plan to begin working together within a new, dedicated facility this summer. The resulting operation will be called PDI Large Format Solutions Inc. A statement released by PDI on the mergers explains: “The merger of our three companies will create an amazing synergy where our creative approach, our production capacity and our sales expertise will allow us to bring to market a greater depth and integration of capabilities that will define us as undeniable leaders in this domain.”
PDI Inc. describes itself as the largest independent sheetfed printing company in Quebec, providing services like premedia, offset, toner and large-format production, as well as Web-to-print, fulfillment, warehousing and direct-mail services to clients in Quebec, Canada and in the United States.
The PDI Group made its first major commitment to the large-format-printing sector in late-2014 by acquiring one of Quebec’s best know operations, Trans-Optique based in Montreal’s area of Pointe-Claire.
Based in Boisbriand, Quebec, Imagerie DB Inc., in addition to its extensive prepress background, has been focusing on the large-format-printing segment for more than 14 years. The company is led by President Benoit Paquette and Vice President Denis Paquette.
LVP.ca Inc. of Terrebonne, Quebec, is described as a large-format-print provider with a multifaceted approach, including services like design and installation. It has more than 20 years of experience in the sector.
“LVP’s proven strength and experience in creative conceptualizations and consultative approach to customer service will enable customers to utilize truly unique sign and display capabilities to empower their brands and communication strategies,” said Francis Tellier, President of LVP.ca Inc.
The proposed transaction is subject to the parties reaching a definitive agreement, with the closing of the transaction expected to occur at the end of the second quarter of 2016. The transaction would also be subject to customary regulatory approvals.
WIFAG-Polytype Group is a privately owned international engineering and manufacturing company with headquarters in Fribourg, Switzerland. The group focuses on the production of printing machines for plastic containers and tubes and metal packaging equipment, as well as in the development of high-precision coating and laminating equipment and process solutions for the production of multilayer films and papers. WIFAG-Polytype Group maintains sites in Asia, U.S., and Europe and employs more than 800 people worldwide.
Bobst is one of the world’s leading suppliers of equipment and services to packaging and label manufacturers in the folding carton, corrugated board and flexible materials industries.
Founded in 1890 by Joseph Bobst in Lausanne, Switzerland, Bobst generated around $1.8 billion in revenues in its most recent fiscal year and has a presence in more than 50 countries, runs 12 production facilities in eight countries and employs close to 5,000 people.
Eastman Kodak Company announced it is in talks to sell its Prosper-branded enterprise inkjet business. Sagent Advisors, an independent investment bank, and DC Advisory, a European corporate finance adviser, which share Daiwa Securities, a Japanese investment bank, as a common shareholder, have been engaged by Kodak to manage the sale process.
“The Prosper business has significant potential for accelerated growth,” said Jeff Clarke, Kodak CEO. “To achieve its full economic potential, Prosper will be best leveraged by a company with a larger sales and distribution footprint in digital printing markets.”
At the same, Kodak announced functional 3D printing, including touch screen sensors, to be an important future element of its business. After looking at both silver and copper metal mesh technologies, Kodak has decided to focus on copper. Kodak will exit its position in silver metal mesh development, but will continue to make silver halide film available to touch screen sensor manufacturers.
At the start of March, Kodak announced plans to debut its next generation inkjet platform called Ultrastream, in May at drupa, built on its continuous inkjet Stream technology. It holds an 8-inch configuration for label production, and features what Kodak describes as a smaller drop size and precise placement accuracy for higher resolution.
Friesens Invests in Canada’s First Manroland EvolutionFriesens Corporation of Altona, Manitoba, has purchased Canada’s first Manroland…
Swiss Print Buys Komori LithroneSwiss Print International of Etobicoke, Ontario, is adding a Komori…
Xerox Responds to Acquisition Litigation by Primary ShareholderThe late-January agreement reached by Fujifilm Holdings to acquire Xerox,…
Manufacturing Geometries: The State of 3D Printing3D printing begins to move past consumer hype into industrial…
Ryerson GCM Job Fair
March 22, 2018
Ryerson GCM Colloquium and Business Plan Expo
April 3, 2018
PrintForum Trade Show & Conference
June 6, 2018
June 14, 2018