Sun Chemical Launches Xennia Jade Pigment Ink for Direct-to-Film Market

Mittera, a North American leader in print and integrated marketing services and listed as the 26th largest printing company according to the latest data from Printing Impressions, officially launched its new Koenig & Bauer Rapida 105 PRO eight-color 41˝ press at its New York facility in Ronkonkoma, Long Island, in early December 2020. Mittera CEO Jon Troen joined Michael Clark, the facility’s president, press operators, employees, and management at a special ribbon cutting ceremony to mark the event. Everyone expressed enthusiasm over the capabilities of the new press and the potential for the new business it will generate. “This is not just another sheetfed press investment for Mittera,” says Troen. “It is a game-changer. With two coating towers in addition to a Corona treatment unit and Rainbow printing unit, this press will allow our company to expand further into specialty packaging, as well as plastics printing. The technology Koenig & Bauer was able to deliver on this press will allow us to set a new standard for high quality printing ranging from truly unique marketing and packaging pieces to specialty security printing.”

Syracuse Label & Surround Printing, Macaran Printed Products and W.N. Van Alstine, have announced that their respective boards of directors have approved a merger agreement. According to the companies, the new organization will provide enhanced development and manufacturing capabilities, incorporating state-of-the-art label technologies along with improved economies of scale. The new business will be led by industry veterans Nick Van Alstine (Macaran / Van Alstine) and Kathy Alaimo (Syracuse) operating as co-CEOs, with Tom Sargent as president. The merger brings together three strong, industry leading label and packaging companies who share common cultures, common cause and common goals. Both companies are 100% employee-owned each with rich corporate legacies.

*GAAP net sales, including the impact of foreign exchange, increased $113 million or 8.9%; *GAAP net income from continuing operations was up $26 million versus the prior year period *Cash used in operating activities during the nine months ended September 30, 2022 was $221 million compared to $29 million in the prior year period; current year results reflect working capital investments due to increased volume and inflation in addition to $80 million of merger related payments *Gross leverage ratio of 3.2x improved 0.5x from September 30, 2021; net leverage ratio of 2.7x improved 0.4x from the same period last year