Phoenix Color Acquires Moore-Langen Printing from LSC Communications

Phoenix Color, a wholly-owned subsidiary of ALJ Regional Holdings, announced that it has entered into an asset purchase agreement to acquire the assets of Moore-Langen Printing in Terre Haute, Ind., from LSC Communications.

ALJ and Phoenix expect to finance the acquisition by amending ALJ’s existing term loan with Cerberus Business Finance, selling an aggregate of $1.5 million of ALJ common stock in a private offering to two investors who are unaffiliated with ALJ, and using $1.0 million in proceeds received from the recent stock option exercise by Jess Ravich, executive chairman of ALJ.

Marc Reisch, executive chairman of Phoenix, stated, “Our acquisition of Moore-Langen continues our commitment to book manufacturing, further extending our industry leading book component capabilities.  We are very pleased to also be entering into a long-term supply agreement with LSC.”

Ravich added, “We continue to focus on targeted acquisitions, which are accretive to our business and provide long-term value for all our stakeholders.”

Moore-Langen has a history in the printing business dating back to 1864. David McCree, president of LSC’s Book division, commented, “LSC is pleased to grow our strategic relationship with Phoenix. We see this transaction adding mutual value to our abilities to better service our book publishing clients and their businesses.”
http://www.piworld.com/article/phoenix-color-acquires-moore-langen-printing-lsc-communications/#ne=d7f0e6e16b0d037f71fc050491da5623utm_source=today-on-piworldutm_medium=newsletterutm_campaign=2017-09-21&utm_content=phoenix+color+acquires+moore-langen+printing+from+lsc+communications-7

Related Posts

Industry Digital Inkjet Leader Scott Schinlever Returns to EFI as Inkjet Chief Operating Officer

Industry digital inkjet leader Scott Schinlever has re-joined Electronics For Imaging, Inc. in a new role as chief operating officer for EFI’s global inkjet business. Schinlever, who starts in his new position today, has been charged with further expanding EFI’s market-leading industrial inkjet portfolio, while facilitating the analog-to-digital transformation throughout the industry for EFI’s current and future customers. Schinlever will be responsible for all equipment, ink, and service solutions throughout the vast EFI™ portfolio in Display Graphics, Textiles, Packaging and Building Materials. Schinlever, who most recently was president and COO of Automation Solutions for Tolland, Connecticut-based Gerber Technology, had a long career managing the marketing, growth and development of EFI VUTEk® printers and other EFI inkjet technologies. He joined the digital print industry in the late 1990s, working with the Xerox® Office Systems Group. In 2001, he took on a marketing position at the pioneering superwide-format printer manufacturer VUTEk, a company EFI acquired in 2005. Schinlever continued to rise through the ranks at EFI following that acquisition, becoming senior vice president and general manager for EFI Inkjet Solutions – the company’s largest business unit – before joining Gerber Technology in 2018.

RRD Answers Industry’s Call for Consolidated Supplier Solutions with Specialized Life Sciences Platform

With a focus on marketing communications and the secondary packaging supply chain, this specialized offering from RRD’s Life Sciences group meets the industry’s growing need for consolidated supplier solutions amid increasing regulatory scrutiny. “From concept to consumers, our platform for product commercialization makes end-to-end visibility possible, which is something our clients find tremendous value in as they seek to reduce risk, meet inflexible timelines, and alleviate margin pressures,” says Ken Gammon, Senior Vice President, RRD Healthcare Solutions. The following core capabilities and services form the foundation of RRD’s single-source offering: *Creative execution – a global creative suite of production services *Marketing communications – industry expertise and production support for all healthcare-professional and consumer-facing communications *Packaging and labels – structural engineering, design, testing and manufacturing of product packaging and secondary packaging *Kitting and fulfillment – a globally integrated network to drive resilience, speed to market and increase market share for both indirect and direct product execution

SGP expands its sustainability certification seeking to establish closed loop program for the printing industry

The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced today the release of version 4.0 revised criteria of its sustainability certification which was first established in 2008. The new criteria which will be effective Jan. 1, 2022, maintain a focus on the three pillars – societal, economic, and environmental – through the development, implementation and documentation of a robust sustainability management system (SMS) and series of best practices. Revised every five years, SGP’s certification criteria establishes certified facilities as leaders in the sustainable supply chain for print and related supplies. The SGP Board of Directors approved version 4.0 which further streamlines the criteria, as well as includes provisions pushing the circular economy model. With a circular approach, the certification makes SGP facilities one of the strongest parts of a sustainable supply chain. Criteria focus on validation and documentation of operational metrics help facilities contribute to their customers’ sustainability goals.
Back To Top
×Close search
Search