‘Philadelphia Inquirer’ To Close Printing Plant, 500 Staffers Laid Off (mediapost.com)

The Great Lakes Graphics Association (GLGA) is proud to announce the recipients of its third annual Women in Print Excellence Award. The Women in Print Excellence Awards supports GLGA’s ongoing quest to recognize the contributions of women in the Midwest print, graphic arts, finishing and print packaging community as well as those women who support the print industry in a vendor or supplier capacity. Any woman working directly in print or in a vendor role supporting print who was in good standing with her company in Illinois, Indiana or Wisconsin was eligible to be nominated. The nominations were reviewed by a panel of female print professionals outside of the Midwest, who selected one recipient per state.

Second Quarter 2017 Highlights • Revenue increased 7.7% year-over-year, driven by Small Business Services which grew 5.1% and includes the results of several small tuck-in acquisitions and from growth in Financial Services of 18.9% driven by the results of FMCG Direct and Data Support Systems, which were acquired in the fourth quarter of 2016 and RDM Corporation, which was acquired in April 2017. • Revenue from marketing solutions and other services increased 26.3% year-over-year and grew to 38.2% of total revenue in the quarter. • Gross margin was 63.1% of revenue, compared to 64.5% in the second quarter of 2016. The impact of acquisitions, increased delivery and material costs this year, and a favorable adjustment from an environmental reserve in 2016, were only partially offset by previous price increases and continued improvements in manufacturing productivity. Click Read More below for additional details.

Just on the heels of closing its Walton, Ky., printing plant the end of July, Arandell Holdings announced that the printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on Aug. 13. According to the Menomonee Falls, Wis.-based catalog printing specialist — which serves U.S. retailers and online merchandisers — Arandell has sufficient liquidity to continue operating its business. “Given fundamental changes in the industry resulting from COVID-19 and other factors, company management is taking proactive and aggressive steps to improve the organization’s overall business framework, while continuing to pursue new business opportunities,” Brad Hoffman, Arandell’s chairman, president, and CEO, said in a prepared statement.