LSC Communications, Inc. (NYSE: LKSD) announced today that it has completed its previously announced acquisition of CREEL Printing, a privately-owned offset and digital printing company based in Las Vegas, Nevada.
http://investor.lsccom.com/news-releases/2017/08-17-2017-210030759
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Mittera has acquired Atlanta-based commercial printer, Geographics, Inc. Geographics is the leading web, sheetfed, digital printing, and fulfillment company in the greater Atlanta region. With nearly 100 employees, Geographics has a well-known track record of providing superb print solutions to clients ranging from start-ups to Fortune 100 companies. “With this acquisition, Geographics customers will now have access to one of the most robust manufacturing platforms, and complete suite of creative, marketing, data, and technology solutions in the country”, said Jon Troen, CEO of Mittera, “all delivered by a group of knowledgeable professionals with the core focus of providing the best customer experience in the industry.”
The storied C.J. Krehbiel Company (dba as CJK Print Possibilities), has been acquired by BR Printers of San Jose, California. Established in 1872, the fifth generation business owned by the Krehbiel family, has a long history of providing a personal touch to the printing, binding and mailing of four-color bound documents such as books, catalogs, manuals, weeklies and magazines. “CJK’s print and finishing capabilities extend and complement BR’s digitally enabled book manufacturing platform,” says Adam DeMaestri, President and CEO of BR Printers. “We look forward to collaborating with CJK leadership and employees.”
Heidelberger Druckmaschinen AG (Heidelberg) made significant progress with the Group’s targeted digital transformation in financial year 2017/2018 (April 1, 2017 to March 31, 2018). By the beginning of June, several customers had already opted for the new subscription model that offers Heidelberg products and services as part of a usage-based all-in contract running over several years. The total of over 30 contracts being targeted for the new financial year 2018/2019 looks set to generate business worth some €150 million over the standard five-year term of these models. However, as the number of contracts concluded is just starting to pick up, this will only be reflected in the company’s figures to any significant extent from financial year 2019/2020 onward, when it will also help stabilize Group sales. In addition, the series production of digital presses for packaging and label printing (Primefire and Labelfire), which also started in financial year 2017/2018, will have an increasingly positive impact on sales. Click Read More below for additional information.