An ex-controller for Printograph Inc., a Burbank, Calif.-based commercial printer, was sentenced to serve 87 months in federal prison.
Mark Michelson
One of the best ways to learn about inkjet printing is to hear about the real-life experiences of press users who came before you. During the virtual Inkjet Summit last week, two inkjet veterans shared their triumphs and tribulations with production inkjet printing.
Technology leader Chuck Gehman worked for several printing industry organizations — both on the supplier and printer side — during his career. These included Marcomcentral, EFI, Mimeo, and Taylor Communications' (Standard Register), among others.
His departure after 25 years will mark the end for Alon Bar-Shany as the worldwide "face" of HP Indigo to its large base of HP Indigo digital press users, the Dscoop user community, and the printing industry trade press.
The COVID-19 pandemic has claimed another fatality. That's the reason Stamford, Conn.-based Cenveo Worldwide Ltd. is giving for the decision to permanently close its Cadmus printing facility located in Richmond, Va., by the end of May, resulting in the layoffs of 184 print workers.
The merger of the Specialty Graphic Imaging Association with Printing Industries of America has created the largest, most comprehensive printing and graphic arts association in the country. SGIA's Ford Bowers and PIA's Michael Makin discuss the drivers behind the merger and the benefits it will bring to the industry.
Lisbeth Lyons, VP of Government & External Affairs at Printing Industries of America, discusses the legislative response in Washington to the pandemic that benefits the printing industry, including SBA assistance such as the Paycheck Protection Program; why the U.S. Postal Service deserves more financial relief as an essential service; and new programs that will likely be implemented at various stages of the U.S. recovery.
Thayer Long on how APTech is helping industry suppliers, and why the entire printing industry should come together during this crisis.
Book and magazine printing powerhouse LSC Communications voluntarily filed for business reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The only surprise — perhaps expedited from the financial fallout of COVID-19 — is that the announcement came April 13.
Just as the COVID-19 outbreak created financial uncertainty on Wall Street and on Main Street, it has also put a deep freeze on impending M&A mega-deals. The novel coronavirus has scuttled Xerox Holdings' $34.9 billion, $24 per share unsolicited, hostile takeover attempt of fellow printing industry icon HP Inc.
The printing industry wants to have a drupa again in Düsseldorf, Germany, one that retains its image, its radiance and its global standing, points out drupa director Sabine Geldermann.
Perhaps facing the "perfect storm" of a global pandemic outbreak; a U.S. stock market response to COVID-19 that has pummeled Xerox and HP stock prices; and Canon's announcement that it will sever business ties with HP if HP's merger with Xerox comes to fruition, Xerox finds itself in a precarious position.
The Xerox offer undervalues HP and disproportionately benefits Xerox shareholders, Chip Bergh, chair of HP’s board of directors, said. It would leave HP shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and unrealistic, unachievable synergies.
The ongoing skirmish between R.R. Donnelley & Sons and Chatham Asset Management, its largest bondholder, is turning into a war over a Poison Pill.
As promised, on March 2 Xerox Holdings launched a $34.9 billion hostile takeover proxy bid to acquire HP Inc. The unsolicited "hostile takeover" offer will increase cash flow, Xerox contends, which would help pare debt, increase capital returns to shareholders, and drive greater investment in innovation.
