Intellicor Acquires Cenveo Lancaster, Pa., and Hurlock, Md., Printing/Fulfillment Plants (piworld.com)

Revenues decreased by $83.1 million, or 11.8%, from $705.8 million in the first quarter of 2020 to $622.7 million in the corresponding period of 2021. This decline is mainly attributable to lower volume in the Printing Sector due to the impact of the COVID-19 pandemic and the sale of the paper packaging operations, which occurred toward the end of the first quarter of the previous year. This decrease was partially mitigated by the solid organic growth in revenues in the Packaging Sector and the revenues generated by the acquisition of Artisan Complete Limited in the Printing Sector. Operating earnings increased by $6.4 million, or 15.7%, from $40.8 million in the first quarter of 2020 to $47.2 million in the first quarter of 2021. The increase in operating earnings is explained by the organic growth in the Packaging Sector. In addition, in the Printing Sector, initiatives to optimize operational efficiency and the Canada Emergency Wage Subsidy offset a majority of the decrease in volume. Net earnings attributable to shareholders of the Corporation increased by $21.3 million, from $6.4 million in the first quarter of 2020 to $27.7 million in the first quarter of 2021. This increase is mostly explained by the income tax expense related to the sale of the paper packaging operations in the first quarter of 2020, higher operating earnings and the decrease in net financial expenses resulting from a reduction in net indebtedness and a lower weighted average interest rate.

Worzalla, an employee-owned company specializing in printing high-quality children’s books, movie tie-in books and coffee table books, announced that two associates had been elected to its Board of Directors. Mary Przybylski was elected to a three-year term and Megan Meyer was elected to a 1-year term. Przybylski joined Worzalla in 1992 and currently works as a Lead Customer Service Representative. Throughout her career at Worzalla, she has held numerous roles with the Finishing, Prep, and Customer Service departments. She had just finished serving a 1-year term on the Board of Directors after previously serving as an interim board member. Meyer joined Worzalla in 2016 and also holds the role Lead Customer Service Representative. After graduating from the University of Wisconsin – Stevens Point in 2009, Meyer worked with Sentry Insurance in various roles in commercial claims. Since joining Worzalla, Meyer has been promoted rapidly through different customer service roles and now takes lead managing several customer accounts.

September marks a big month for the printer based in Sun Prairie, Wisconsin. Founded in 1948, Royle Printing is pleased to celebrate its 75th anniversary this fall. The entire month will consist of celebrations for all 285 employees, along with a company-wide event at the end of the month. To show its commitment to the city of Sun Prairie, Royle will be hosting a food drive for the Sun Prairie Food Pantry. In addition to a generous donation from the company, the public is welcome to stop by Royle during the week of September 25th to drop off canned goods or non-perishable food items in the lobby. The Royle Family, originally from Waterloo, worked at Perry Printing before starting the company in 1948. Royle started in print by owning several publications, including The Star Countryman, the Waterloo Courier, Deerfield Independent, Dodge County Independent News, and several other entertainment and recreation publications.