Color Ink Invites Customers and Prospects to a ‘World of Pure Imagination’

The trends in packaging printing are obvious: ever-declining run lengths, an increasing number of stock keeping units (SKUs) and more demanding embellishments to attract consumer attention – all of this against the backdrop of extremely short delivery times and sustainability. Special applications and the need for flawless production also add to the complexity. How can folding carton manufacturers manage this in a cost-effective way, even in Covid-19 pandemic times? Seeking an answer to this question, packaging printers in North America are increasingly investing in Heidelberg solutions for cost-effective production. “Since the onset of Covid-19 in March 2020, Packaging and Label Printers in North America have been very resilient against the downturn of the economy due to increased consumer demand for packaged goods in both grocery stores and pharmacies. Many of these printers have even grown during the crisis and are looking to invest or have recently invested in new machines and workflow from Heidelberg,” explains Felix Mueller, President of Heidelberg Americas.

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.

Cenveo, Inc. announced that it has reached an agreement with its major stakeholders to clear the path for approval of the Company's first amended plan of reorganization, which will enable the Company to emerge from Chapter 11 this summer. The Plan of Reorganization has the support of over 70% of the Senior Secured Noteholders, the holders of certain funds and accounts under management that collectively own or control a percentage of the Company's senior secured first-in, last-out notes, who also hold a percentage of the first lien notes, second lien notes, and senior unsecured notes, as well as the support of the Unsecured Creditors Committee whose members consist of trade creditors, the Pension Benefit Guaranty Corporation, certain unions, and the indenture trustee for the unsecured noteholders. A hearing before the United States Bankruptcy Court for the Southern District of New York is scheduled for June 7, 2018 for the Company to seek approval of its first amended disclosure statement and to establish the voting procedures for the Plan of Reorganization. The terms of the Plan of Reorganization will enable the Company to exit Chapter 11 with a highly deleveraged balance sheet, which will allow the Company to focus on its operations and grow its businesses. Click Read More below for additional information.