CFC, Datagraphic Combine to Create Printegra
Manufacturers CFC Print Solutions, Peachtree City, Ga., and Datagraphic, Roswell, Ga., combined to create Printegra. The company, which formally launched Oct. 16 at DMIA's i2002 event in Rosemont, Ill., employs more than 800 people and operates manufacturing locations nationwide. Printegra's corporate headquarters are located in Peachtree City, and the firm expects to begin operating one common manufacturing process within six months.
Company officials chose the name Printegra to represent the firm's focus on printing, technology and integrity. In addition to traditional short run forms, checks and integrated cards and labels, the company offers distributors a source for custom prime labels from its Printegra Label & Design division.
CFC's former president, Casey Campbell, is Printegra's president and CEO. Datagraphic's former president, John Staniforth, is its executive vice president and COO.
Ennis Makes Prestigious List
DeSoto, Texas-based manufacturer Ennis Business Forms Inc. was listed in the Oct. 28, 2002 issue of Forbes magazine as one of the country's "200 Best Small Companies." Ennis ranked 169th on the list, which included publicly traded firms with $5 million to $600 million in sales during the last 12 months.
Companies included in Forbes' list must meet certain financial criteria, such as a minimum of 5 percent net margin during the last 12 months and a 5-year average return on equity of 5 percent or higher. Ennis' earnings per share have risen 7 percent for a 5-year average and increased 4 percent during the last 12 months. Its sales have increased 12 percent during the last five years. Ennis also ranked 105th in 5-year average ROE, 109th in sales, 141st in profits and 154th in market value. The company was the only wholesale printer recognized on the list, which is accessible at www.forbes.com/200best.
"Achieving this recognition from Forbes in this competitive forms industry is an honor for both our company and the industry as a whole," said Keith Walters, Ennis' chairman and CEO.
Avery Dennison Acquires 2 Firms
Pasadena, Calif.-based supplier Avery Dennison Corp. announced it will expand its global business serving the apparel and retail industries. The company signed a definitive agreement to acquire RVL Packaging Inc., a Westlake Village, Calif.-based provider of woven and printed labels, graphic tags, and specialty packaging products. RVL employs approximately 700 people and operates in 23 countries.
Avery Dennison also signed a definitive agreement to acquire Greensboro, N.C.-based L&E Packaging, RVL's key printing partner and a provider of offset, screen and flexographic printing products for the apparel and retail industries.
Operations of the acquired firms will become part of Avery Dennison's Retail Information Services business. The company expects to close the transactions early in the fourth quarter. Terms of the agreements weren't disclosed.
"The strengths that RVL and L&E bring to Avery Dennison will enable us to provide a total global solution that meets the supply-chain needs of apparel manufacturers and retailers from start to finish," said Philip M. Neal, chairman and CEO of Avery Dennison.
MeadWestvaco to Shut 2 Plants, Cut 130 Jobs
Stamford, Conn.-based paper and packaging supplier MeadWestvaco Corp. announced it will close two manufacturing plants in Springfield, Mass., and consolidate its envelope operations in the Northeast by creating a single, high-powered manufacturing center in Enfield, Conn.
While the company's envelope products headquarters will remain in Springfield, its Springfield and Flexible Packaging plants will close this month. Some employees and equipment will transfer to Enfield. Other equipment will be used to enhance operations at envelope facilities nationwide. Together, the Springfield Flexible Packaging and Enfield plants employ approximately 375 people. MeadWestvaco expects to eliminate approximately 130 positions; the firm says it will offer restructuring benefits (including outplacement assistance) to all affected employees.
The Springfield plant manufactures a variety of envelope products for the direct mail, bill-and-return and financial markets. The Flexible Packaging plant makes specialized, non-mailing consumer packaging envelopes. The two plants' presence in Springfield began more than a century ago, and they became part of Westvaco in 1960.
