Flint Group announces a global price increase due to continued inflation

Corporate Graphics Commercial, a Taylor Corporation company, is pleased to announce that it has reached an agreement to acquire the assets of Reindl Bindery Co., Inc. of Germantown, Wis. The acquisition of Reindl expands CGC’s capacity and capabilities and offers immediate growth opportunities for its publishing business. “We’re seeing greater demand for bindery services than at any time in our history,” says Dan Kvasnicka, President of Taylor Print Impressions. “By adding the talent and technology of Reindl, we are positioning Taylor to serve even more customers.” Founded in 1978, family-owned Reindl Bindery has a legacy of providing innovative binding solutions throughout the printing industry, with capabilities spanning a wide range of bindery applications including perfect, layflat and case binding to Smyth sewn books, Wire-O systems and more. “We are thrilled to welcome Reindl to the Taylor team,” said Kvasnicka. “Our capabilities are complementary, and both teams are known for industry-leading quality, responsive service and innovation.”

Results for the three months ended June 30, 2020, included: *Net Sales (excluding discontinued operations) — Net sales were $585 million in 2020, down 38% from 2019. Sales declined 36% during the quarter, excluding the impact of the January 2020 sale of the Omaha packaging plant primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Loss From Continuing Operations — Excluding the results from discontinued operations, net loss from continuing operations was $15 million in 2020 compared to net loss from continuing operations of $3 million in 2019. Results for the six months ended June 30, 2020, included: *Net Sales (excluding discontinued operations) — Net sales were $1.4 billion in 2020 as compared to $1.9 billion in 2019, down 26%. Sales declined 25% during the six months ended June 30, 2020, after excluding the impact of the January 2020 sale of the Omaha packaging plant primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Loss From Continuing Operations — Excluding the results from discontinued operations, net loss from continuing operations was $24 million in 2020 as compared to net loss from continuing operations of $16 million in 2019.

Electronics For Imaging, Inc. announced the availability of a new EFI™ Fiery® digital front end (DFE) for the Xerox® iGen® 5 Press. The Xerox EX-P 5 Print Server Powered by Fiery first made its debut at PRINT 17. The new Fiery DFE supports the iGen 5 Press' new White Dry Ink capability, and is the first commercially available DFE on the new Fiery FS300 Pro platform. "We believe the new capabilities with the Fiery DFE will be a significant asset to our customers, especially as it relates to optimizing our fifth station options," said Ragni Mehta, vice president and general manager, Cut Sheet Business, Xerox. "This partnership with EFI will allow Xerox to capitalize on the ability of White Dry Ink and other specialty colors to increase the breadth of applications that can be produced on the Xerox iGen 5 Press." Click Read More below for additional information.