EFI Brings Next-Generation Digital Inkjet Printers to PRINTING United Expo

2021 Second Quarter Results: Revenues decreased by $1.8 million, or 0.3%, from $625.1 million in the second quarter of 2020 to $623.3 million in the corresponding period of 2021. Operating earnings increased by $11.8 million, or 26.8%, from $44.1 million in the second quarter of 2020 to $55.9 million in the second quarter of 2021. In the Packaging Sector, adjusted operating earnings decreased by $7.0 million, from $38.2 million in the second quarter of 2020 to $31.2 million in the second quarter of 2021. In the Printing Sector, adjusted operating earnings increased by $14.1 million, or 35.8%, from $39.4 million in second quarter of 2020 to $53.5 million in the second quarter of 2021. Net earnings attributable to shareholders of the Corporation increased by $9.9 million, from $25.7 million in the second quarter of 2020 to $35.6 million in the second quarter of 2021.

Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder. Rob Burton, CEO of Cenveo said: “I am grateful for this opportunity and proud to have gained the trust of our shareholders to accomplish this buyout. We have all worked very hard on rationalizing our platform and divesting non-strategic assets all while delivering superior returns to our shareholders.” With this buyout, Cenveo is now exclusively an envelope focused business and the largest envelope converter in North America. Through this transaction, the existing Cenveo management team will remain in place and will continue to focus its efforts on serving the Company’s diverse and extensive envelope customer base. Rob continued, “Cenveo is an established brand with a rich history and long experience in delivering innovative solutions to our customers. This deal represents the next chapter for the brand and the ambitious team members who have helped build it over many years.”

Allen Press, Inc. is excited to announce the purchase of a Brausse 1050SFi Automatic Diecutter and Foil Stamping Machine with Stripping Alternative. The Brausse 1050SFi is the most advanced piece of equipment of its kind on the market, and Allen Press is the first and only commercial printer in North America with the Brausse 1050SFi on its shop floor. This acquisition allows Allen Press to produce superior commercial, publication and direct mail printing materials exclusively in-house and creates unprecedented efficiency and quality-control from start to finish. Our clients will benefit immensely as projects will be completed faster and more seamlessly without compromising quality. Click Read More below for additional information.