Kingery Printing Acquires Fellow Illinois Commercial Printer United Graphics

Kingery Printing, an Effingham, Ill.-based commercial printer that provides a full suite of prepress, sheetfed and web printing, binding, and distribution services, has announced the acquisition, effective December 1st, of Mattoon, Ill.-based United Graphics, a digital and offset printing company that specializes in the manufacturing of books, catalogs, guides and newsletters. Graphic Arts Advisors (GAA), Mountain Lakes, N.J., a strategic financial advisory and consulting firm devoted exclusively to all sectors of the graphic communications industry, represented Kingery Printing in the acquisition, with GAA Director John Hyde, Esq. serving as lead advisor on the purchase.

Under the agreement, United Graphics and its Mattoon facility, will become part of the Kingery Printing organization, which, in addition to its Effingham headquarters and manufacturing facility, also includes a plant in Henry, Ill. John Wurtsbaugh, president of United Graphics, becomes COO of Kingery Printing, overseeing operations at all three facilities.

Prior to the acquisition, the two companies – both family-owned second-generation organizations – have worked together on a number of collaborative projects and discovered that they shared a common philosophy and culture. At the same time, they have distinct service offerings which, when combined, will provide customers with a full slate of options for their printing and communications needs.

Commenting on the acquisition, Kingery Printing President Michael Kingery, said, “There are a number of synergies between Kingery Printing and United Graphics that make this a very positive move for our companies and our customers. The proximity of our plants and the high level of expertise, enthusiasm and dedication to customer service on the part of both companies’ leadership and staffs mean that we will be in an even stronger position to deliver on our top priority – continuing to enhance the customer experience.”
more at:  http://www.piworld.com/article/kingery-printing-acquires-fellow-illinois-commercial-printer-united-graphics/

Related Posts

Flint Group shows commitment to transparency with CDP disclosure grades

Flint Group, a leading global producer of inks and coatings for the printing and packaging industries, has marked another key milestone in its sustainability journey by achieving overall B grades in Climate and Water disclosure through CDP (formerly the Carbon Disclosure Project), with several A and A- grade performances in core individual areas. The achievement underlines Flint Group’s commitment to environmental transparency and sustainable practices. CDP is a non-profit organisation that grades businesses on their level of transparency in sustainability reporting using scoring from “D-“ through “A”. CDP describes a “B” score as indicative of environmental management – these companies have addressed the environmental impacts of the business. Organisations with “A” scoring exhibit leadership and demonstrate best practice in strategy and action. Under the CDP Climate disclosure criteria, Flint Group achieved an A grade in Scope 1 & 2 emissions and an A- grade in Scope 3 emissions. Under the CDP Water disclosure criteria, the business scored an A grade in Business Impacts and an A- grade in Water Policy.

Venture One pays $50M for RR Donnelley’s St. Charles complex

Industrial property investors Roy Splansky and Mark Goode started 2024 by becoming landlords for a Chicago-based company once referred to as North America’s largest commercial printer. Venture One, a Rosemont-based firm co-founded and led by Splansky and Goode, paid $50 million to the company, R.R. Donnelley & Sons, to buy two industrial buildings spanning more than 500,000 square feet in the western suburb of St. Charles, public records show. R.R. Donnelley is staying on as a tenant in the buildings at 609 South Kirk Road and 1750 Wallace Avenue, records show, meaning it likely sold the parcels as an alternative means of raising capital to eschew rising interest rates.

RRD Board Announces Expiration of “Go-Shop” Period and Qualification of “Excluded Parties”

R.R. Donnelley & Sons Company announced the expiration of the “go-shop” period set forth in the previously announced definitive merger agreement with affiliates of Atlas Holdings LLC, dated as of November 3, 2021, the receipt of an “Alternative Acquisition Proposal” as defined in the Atlas Merger Agreement and further developments with respect to a previously announced proposal from Chatham Asset Management, LLC. Under the terms of the Atlas Merger Agreement, affiliates of Atlas have agreed to acquire the Company for $8.52 per share in cash. As previously announced, RRD received an unsolicited proposal from Chatham on November 16, 2021 to acquire all of the outstanding shares of RRD not already owned by Chatham for $9.10 per share in cash, and thereafter the Company has been engaged in negotiations with Chatham regarding the terms and conditions of the Chatham Proposal. In addition, on November 27, 2021 and as part of its “go-shop” process, RRD received an Alternative Acquisition Proposal from a strategic party for $10.00 per share in cash, subject to other terms and conditions (the “Go-Shop Proposal”). On November 28, 2021, the Board of Directors of the Company determined, in good faith after consultation with its outside financial advisor and legal counsel, that each of the Chatham Proposal and Go-Shop Proposal would reasonably be expected to lead to a “Superior Proposal” (as defined in the Atlas Merger Agreement), thereby making each of Chatham and such strategic party an “Excluded Party” under the terms of the Atlas Merger Agreement. At this time, the Board has not determined that the Chatham Proposal or the Go-Shop Proposal constitutes a Superior Proposal, and there can be no assurances that a transaction will result from either proposal or that any alternative transaction will be entered into or consummated.
Back To Top
×Close search
Search