The combined label printing company, which will be known as Multi-Color Corp. and headquartered in Cincinnati, is a $2.2 billion enterprise with 86 plants in 26 countries and 10,000 global employees. WS Packaging is now a business unit of Multi-Color, but will continue to maintain its headquarters in Green Bay, Wis.
Mark Michelson
The DOJ appears very adamant about its opposition to the proposed merger of the two companies.
The German antitrust authority that regulates and prohibits what it deems to be monopolies or cartels, struck down the proposed deal.
EFI's announcement about its intentions to be acquired by private equity firm Siris Capital Group in an all-cash transaction valued at $1.7 billion shouldn't come as a total surprise. After all, the private equity world has been taking notice of the printing and, especially, packaging markets for a while now.
Memjet CEO Len Lauer recently shared his thoughts with Printing Impressions on the current state of the printing industry, current trends and where printers can find the best growth opportunities in 2019.
EFI Connect 2019 wasn’t just about nearly 200 educational sessions. It provided attendees with direct access — and to hear keynote presentations delivered by — senior EFI executives, including new CEO Bill Muir.
For the 39th straight year, printing industry forecaster Vince Mallardi has published his "Hot Markets for Print Demand" report, which highlights the top 25 segments forecasted to garner the most print demand for the year ahead. Packaging markets are well-represented on this year's list, with packaged foods taking the top spot.
In a blockbuster acquisition, Sussex, Wis.-based Quad/Graphics is acquiring LSC Communications, of Chicago, creating a combined $8.1 billion, publicly-held company as the result of a whopping $1.4 billion all-stock transaction.
Agfa Graphics has announced that it will be closing its 250,000-sq.-ft. offset printing plate manufacturing facility in Branchburg, N.J., by the end of this year in order to optimize its global production capacity and supply chain efficiencies. The plant closure will impact 125 workers.
The MATLET Group's Packaging Graphics printing and thermoforming facility in Pawtucket, R.I., abruptly closed last week, signaling what may be the final chapter of the printing company. According to reports, company employees arrived at the facility on Tuesday, Oct. 9, to find it closed.
The U.S. Bankruptcy Court for the Southern District of New York has approved Cenveo's amended plan of reorganization, which will clear the way for the Stamford, Conn.-based printing company to emerge from Chapter 11 bankruptcy protection in the coming weeks as a privately-held business.
The 10% tariff that the Trump administration has imposed on imported aluminum is now being passed through as a surcharge by major lithographic printing plate manufacturers to their U.S. offset printing customers.
In response to Fuji's $1B lawsuit, Xerox Vice Chairman and CEO John Visentin blamed the accounting scandal at Fuji Xerox as a main reason why the proposed $6.1 billion acquisition of Xerox by Fuji fell through and, at the same time, announced plans to sever their long-standing Fuji-Xerox partnership.
An agreement reached May 13 between Xerox and its activist investors terminates the proposed $6.1 billion Xerox transaction with Fujifilm to combine Xerox with Fuji Xerox, replaces Xerox CEO Jeff Jacobson with new CEO John Visentin, and appoints five new members to serve on Xerox's board of directors.
The Xerox Iridesse is the only digital press that can print metallic gold or silver dry ink, CMYK and clear dry ink in a single pass.
