Arandell Corporation Completes Acquisition of Maple Grove Operations

Nearly 20 printing companies are interested in hiring at least some of the 656 LSC Communications workers who are set to be laid off by March 31. Many of those jobs, however, are not in the Lancaster area. LSC announced last week it planned to shutter its two Lancaster city plants amid a decline in demand for catalogs and magazines. “Sixteen printing companies have reached out to us directly so far,” Melissa Noebes, senior vice president LSC Communications, told LNP | LancasterOnline. “At least a half dozen are in the greater Lancaster area. A few more are located just across the Maryland border. In addition, we have inquiries coming in from printing companies around the country, many of whom are offering generous relocation packages.” She did not respond to a request to provide names of the companies.

*GAAP net sales, including the impact of foreign exchange, increased $113 million or 8.9%; *GAAP net income from continuing operations was up $26 million versus the prior year period *Cash used in operating activities during the nine months ended September 30, 2022 was $221 million compared to $29 million in the prior year period; current year results reflect working capital investments due to increased volume and inflation in addition to $80 million of merger related payments *Gross leverage ratio of 3.2x improved 0.5x from September 30, 2021; net leverage ratio of 2.7x improved 0.4x from the same period last year

Sun Chemical and its parent company, the DIC Corporation, will amend their existing transportation surcharge. In addition, and in order to reflect cost dynamics in the global energy market, an energy surcharge on the entire Color Materials portfolio will become effective from April 1, 2022. As the unprecedented pace of inflationary cost movements continues to impact the entire spectrum of raw material and packaging components for the color materials industry, without sign of stabilization in sight, the industry is also being hit by abrupt rises of energy costs, including electricity, gas and diesel, drastically impacting manufacturing costs and freights costs. “Our priority remains to keep supplying our customers, allowing them to keep their facilities operating,” said Stefan Sütterlin, President, Global Color Materials. “We continue to leverage our global network to secure our manufacturing and services efficiency. However, the magnitude of recent energy related inflation cannot be absorbed and requires us to implement surcharges. The situation will need to be adjusted as it goes, and we can assure our customers that surcharges will be phased out as the situation allows.”