Allied Media Triples Output with New Speedmaster CX 104 from HEIDELBERG

CJK Group, led by CEO Chris Kurtzman, is a largely unknown, low-profile industry conglomerate that's been methodically consolidating the book manufacturing market. But the entity can no longer fly under the radar screen as it sounds another "Bang!" ... no pun intended ... with yet another major M&A transaction. The latest acquisition by Brainerd, Minn.-based Bang Printing and its holding company, CJK Group, is the assets of Webcrafters, a 270-employee, Madison, Wis., printer that caters to the educational publishing community as a manufacturer of textbooks, workbooks, teacher and student guides, and related educational support materials. Terms of the definitive agreement reached between the two privately-held companies were not disclosed. CJK Group is the holding company for Bang Printing, a manufacturer of books, catalogs, publications and fulfillment services in Brainerd, Minn., and Palmdale, Calif., which has already acquired Hess Print Solutions in Brimfield, Ohio; Sentinel Printing, St. Cloud, Minn.; Victor Graphics in Baltimore; Sinclair Printing, Los Angeles; and The Sheridan Group with production facilities in Waterbury, Vt., Hanover, N.H., Hanover, Pa., Chelsea, Mich., and a corporate office in Hunt Valley, Md. Prior to Webcrafters, CJK Group's most recent acquisition comprised the $196.5 million, 1,000-employee Sheridan Group this past April. Click Read More below for additional detail.

Transcontinental inc. announces an important milestone in its sustainability journey. The Science Based Targets initiative (SBTi) has approved TC Transcontinental’s near-term science-based emissions reduction targets. From now on, these targets will serve as TC Transcontinental’s primary measurement of progress on its sustainability objectives, including energy efficiency, clean energy procurement, and the commercialization of sustainable packaging solutions such as recycle-ready packaging solutions as well as the integration of post-consumer resin (PCR) into packaging products. “We are now in a better position to support our customers on their own sustainability journeys, and better suited to focus our actions on what matters the most to fight climate change,” said Alex Hayden, Senior Vice President, R&D, Sustainability and ESG, TC Transcontinental. “As an industry leader in Packaging, Retail Services and Printing, we know our stakeholders expect us to mitigate climate risks while capitalizing on growth opportunities. We believe this new commitment is fully in line with those expectations.”

R. R. Donnelley & Sons Company announced that its Board of Directors has approved an amendment of the Company’s stockholder rights plan (the “Rights Plan”) to extend the final expiration date under the Rights Plan to August 28, 2021. The Rights Plan had been scheduled to expire on August 28, 2020. The Board approved the one-year extension of the Rights Plan based on its determination that circumstances continue to warrant RRD maintaining the protections afforded by the Rights Plan. The Board noted that, given the Company’s depressed stock price and the impact of the COVID-19 pandemic on the Company’s business and on financial markets, there is heightened potential for one or more persons or groups to gain undue influence over or control of RRD through open market accumulation or other tactics. The Rights Plan does not prevent any action the Board determines to be in the best interest of the Company and its stockholders.