Arandell Finalizes Sale to Private Equity Firm, Successfully Exits Chapter 11 Bankruptcy (piworld.com)

CJK Group, Inc. announced that an agreement has been completed to acquire the assets of McNaughton & Gunn in Saline, Michigan. This acquisition will bring additional capacity to Sheridan’s printing operations and will be renamed Sheridan Saline, bringing the number of Sheridan’s print locations across the country to a total of eleven. Founded in 1975 on the principle that “people make a difference,” McNaughton & Gunn has been continuously producing books for publishers and self-publishers around the world. Many of its original customers print there to this day because the company stayed true to their core value of delivering quality books that meet their customers’ individual needs.

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.

The Great Lakes Graphics Association (GLGA) is proud to announce the recipients of its fourth annual Women in Print Excellence Award. The Women in Print Excellence Awards supports GLGA’s ongoing quest to recognize the contributions of women in the Midwest print, graphic arts, finishing and print packaging community as well as those women who support the print industry in a vendor or supplier capacity. Any woman working directly in print or in a vendor role supporting print who was in good standing with her company in Illinois, Indiana or Wisconsin was eligible to be nominated. The nominations were reviewed by a panel of female print professionals outside of the Midwest, who selected one recipient per state.