CJK Group Acquires Cenveo Content Services Business; Forms KnowledgeWorks Global Ltd. (piworld.com)

CJK Group, Inc., announced today that it has completed an agreement with Quad/Graphics, Inc. to acquire the assets associated with its Versailles, Kentucky, book manufacturing facility. The 1,000,000 sq. ft. facility specializes in the production of softcover and hardcover books as well as a variety of other publication types, featuring state-of-the art prepress technology, a fleet of inkjet and web offset presses, all paired with robust bindery and finishing capabilities, distribution, and mailing services. CJK Group will acquire the equipment and assume the customer contracts at the facility. The new entity will operate under the name Sheridan Kentucky and will align under the Sheridan division of the CJK Group. This is an exciting acquisition for CJK Group―one which significantly expands its capacities and capabilities. The facility serves many high profile publishing houses in the areas of educational textbooks, trade books, children’s books, and scientific/technical books.

Results for the fourth quarter ended December 31, 2022, include: • Net Sales — Net Sales were $885 million in the fourth quarter of 2022, an increase of 4% compared to the same period in 2021. • Net Loss — Net Loss was $9 million in the fourth quarter of 2022, an improvement of $12 million compared to the fourth quarter of 2021, which had a Net Loss of $21 million. Results for the year ended December 31, 2022, include: • Net Sales — Net Sales were $3.2 billion in 2022, up 9% from the same period in 2021, or up 11% year-over-year excluding the impact of the QuadExpress divestiture. • Net Earnings — Net Earnings were $9 million in 2022 as compared to Net Earnings of $38 million in 2021.

The Sheridan Worzalla printing facility, which specializes in high-quality children’s books, cookbooks, and hardcover best sellers, is celebrating the release of Diary of a Wimpy Kid: No Brainer. This is the 18th book from the #1 international bestselling series Diary of a Wimpy Kid by author and cartoonist Jeff Kinney, and published by Abrams. Sheridan Worzalla has been the domestic manufacturing headquarters of the popular series since the first book. “We are proud to be entrusted to print the next installment of the Diary of a Wimpy Kid series,” said Paul Bozuwa, President of Sheridan. “With our dedication to maintaining quality printing standards, we cannot wait for Wimpy Kid fans to get the latest edition in their hands.” Publisher Abrams announced No Brainer in the spring of 2023 so that Sheridan Worzalla could plan for the production of millions of copies of the 224-page hardcovered young adult fiction book.