Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America

Transcontinental Inc.'s Media Sector, TC Media, announced the sale of its Sorel-Tracy-based weekly Les 2 Rives, as well as its related web property, to DBC Communications inc., a company led by its president, Mr. Benoit Chartier, also owner of the following newspapers: L'Oeil Régional, Le Clairon de Saint-Hyacinthe, La Pensée de Bagot, Gestion et Technologies Agricoles and Le Courrier de Saint-Hyacinthe, the longest-running French-language newspaper in America. The 8 employees of this newspaper are transferred to the acquirer. The Corporation would like to thank them for their professionalism and wishes them the best for the future. Furthermore, TC Transcontinental will continue to provide printing and distribution services as it already does for the other publications of the acquirer. This transaction is part of the process for the sale of TC Media's local and regional newspapers in Québec and Ontario, which was made public in a press release issued by Transcontinental Inc. on April 18. It is the second transaction between TC Media and DBC Communications since the beginning of the year. The first transaction was DBC Communications' acquisition of the assets and activities of L'Oeil Régional in Beloeil in March. We also note that the two companies have a long-standing business relationship dating back to 1979 when TC Transcontinental had acquired the Saint-Hyacinthe printing plant from the Chartier family.

SCREEN Graphic Solutions Co., Ltd. announces its cooperation with KYOCERA Document Solutions Inc. in the development of the Truepress JET S320, an A3 sheetfed digital inkjet printer. The Truepress JET S320 prototype will make its debut at PRINTING United Expo October 18–20, 2023, in Atlanta, Georgia. In recent years, especially in the commercial printing and publishing markets, there has been a shift toward businesses utilizing digital printing technology. This change is driven by a broader societal shift toward businesses that leverage digital data. In contrast to the traditional production of broadcast-style advertisements and prediction-based mass production, there is now a demand for data-driven targeting and personalized advertising materials. This shift has resulted in a move toward production that involves printing only the necessary quantity at the required time, often with targeted messaging.

In another example of private equity firms targeting investments in distressed companies in the printing industry, Menomonee Falls, Wis.-based catalog printing specialist Arandell has reached a potential asset purchase agreement with Saothair Capital Partners, which is located outside of Philadelphia in Radnor, Pa. On Aug. 13, Arandell Holdings announced that the commercial printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The investment in Arandell by a private equity concern is similar to the acquisition of Chicago-based LSC Communications last month by another private equity turnaround specialist: Atlas Holdings, of Greenwich, Conn. That transaction, which will take the publicly-held book, catalog, and magazine printing specialist; logistics provider; and office products supplier private, is expected to close in the fourth quarter of 2020.