Small Minnesota town hit with big layoff by Chicago printing company

The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced the election of Birdley James of Miller Zell to its Board of Directors. James is SGP/EHS Coordinator & Compliance Manager and leads Miller Zell’s sustainability efforts. His responsibilities include expanding recycling initiatives, and overseeing sustainability program compliance, SGP certification requirements, environmental & safety compliance audits, environmental safety processes & procedures and safety training.

Net sales in the first quarter were $1.31 billion, up $138.8 million or 11.8% from the first quarter of 2021. While first quarter net sales decreased nearly $3 million due to changes in foreign exchange, the majority of the increase relates to higher client demand for most of the Company’s products and services, and price increases to partially offset inflationary cost increases. The Company experienced significant growth in Supply Chain Management, Commercial Print and Labels products. Organic net sales increased 12.0%. Loss from operations was $25.5 million in the first quarter of 2022 compared to income from operations of $25.1 million in the first quarter of 2021. The first quarter of 2022 included $64 million of expenses related to the merger, and net restructuring, impairment and other charges of $18.9 million which increased $13.1 million from the prior year period. Net loss from continuing operations of $58.4 in the first quarter of 2022 compared to $1.7 reported in the first quarter of 2021. The 2022 net loss from continuing operations reflects the increased loss from operations, higher income taxes and loss on debt extinguishment, slightly offset by lower interest expense.

Palmer Printing has been the last printer on Printer’s Row since 2007, when Rider Dickerson moved to a different location. But it too has recently made the decision to relocate - a move that President Ed Rossini and his father and former owner Ciro Rossini felt was the next logical step for the company. In December 2017, Ciro Rossini, who owns the building where Palmer Printing is housed, decided to sell it to Chicago residential developer CMK. According to Ed Rossini, the company is in the process of looking for a new location with plans to move this year. In the past 10 years, Ed Rossini says that the Printer’s Row area has evolved into a vibrant, energetic neighborhood with the addition of universities, restaurants, bars and shops. Click Read More below for additional information.