Published January 24, 2011
Knowing when to do the deal is probably the trickiest judgment call in any merger of printing companies. Correct timing is a must for both parties, but choosing the right moment to step forward into the M&A marketplace rests with the seller. It’s a decision that calls for introspective as well as strategic thinking.
Published January 14, 2011
When did the market for printing’s most time-honored product—the book—become so difficult to read? A cross-section of publishing experts tried to sort out the issues in a panel discussion earlier this week at the New York Public Library, courtesy of Kodak.
Published January 10, 2011
Below is the text of a press release issued last week by the U.S. Postal Service. It is headed, "Postmaster General Restructures U.S. Postal Service/Layers Eliminated, Officer Ranks Reduced." As an ordinary user of USPS services, I have two questions about what I'm reading.
Published January 7, 2011
Imagine the cloud-based equivalent of a consumer’s physical mailbox—a virtual receptacle where the user can accumulate and manage bills, statements, coupons, catalogs, and almost anything else he or she is accustomed to receiving from business mailers, but in purely digital form. It soon will be a reality. Pitney Bowes calls it Volly.
Published January 3, 2011
Reborn for the new year is Virtual Press Clips, our periodic roundup of news items about printing companies in the general media. The object is to show that print firms continue to be esteemed and respected as good business neighbors by their hometown newspapers and local other media outlets.
Published December 27, 2010
The production of branded content—media created by businesses for marketing and customer relations—is a $47.2 billion industry in the U.S., and print still accounts for the largest share of the spend. Marketers believe in it, recipients trust it, and that spells sheer “contentment” all around.
Published December 20, 2010
In the time-honored tradition of ending the present year with resolutions for improvement in the year to come, New Direction Partners offers guidance for print company owners who may find themselves on one side or the other of an M&A transaction in 2011.
Kodak Puts in A Good Word for Print Before, During and After the Advertising Age “Media Evolved” Conference
Published December 16, 2010
In the minds of media professionals whose the icon is the iPad, how much attention can print and other traditional channels expect to command? Speakers at this high-level event indicated that no matter what media are used, the quality of the content is what spells the difference between virality and oblivion for the brand message.
Published December 3, 2010
New Direction Partners has taken its M&A consulting on the road in a series of presentations. In these briefings, NDP offers an overview of the business climate for mergers and acquisitions, along with practical advice for owners pondering the next step in the life cycles of their companies.
Published November 30, 2010
Believing that there’s room in the 40" market for an addition to its Speedmaster line, Heidelberg rolled out the Speedmaster CX 102 in a customer event at its U.S. headquarters earlier this month. This newly engineered machine is said to transfer the best features of Heidelberg’s XL-series presses to the 102 format, its most successful product category.
Published November 23, 2010
By bringing just one offset press to Graph Expo 2010, it accounted for one-sixth of all offset presses at the show and one-third of the conventional (non-DI) printing machines on the floor of McCormick Place. That would be an unusual distinction for any exhibitor of press equipment, but it seems to have worked out well for Gronhi Graphics International, the U.S. arm of a Chinese vendor seeking a reputation and a toehold in the American market.
Published November 12, 2010
The Graphic Arts Show Company (GASC) events were due to reach an inflection point, and it seems clear that at Graph Expo 2010, they reached one from which there will be no turning back. The break in the connection between showing heavy printing equipment and selling it made Graph Expo 2010 a watershed event. No longer do press manufacturers makers need elaborate displays of machinery at the GASC shows in order to achieve the marketing impact they desire.
Published November 2, 2010
How do you know that business you just bought is going to keep earning what you’ve been promised? What questions should you be asking, what contingency plans should you be building, and what hang-ups should you be looking out for? The partners at New Direction Partners have some answers for us.
Published October 19, 2010
As Graph Expo made abundantly clear, there’s no longer any segment of the industry that can’t be addressed by digital solutions that will work as least as well as conventional lithography, at least in shorter runs. The industry’s embrace of digital production is now complete, and all that’s left to debate is how long it will take the pockets of resistance to get on board or go away.
Published October 6, 2010
We’ll be happy to stand corrected if our count is wrong, but, after prowling the show floor of Graph Expo 2010 in search of lithographic printing equipment, we came up with only four fully assembled offset presses. Where did the heavy iron go? That’s not all that makes this year’s event seem a bit eerie when contrasted with the Graph Expo and Print shows of years past.
Published October 3, 2010
Published September 28, 2010
What is your printing company worth? Emotionally speaking, everything. But, owners contemplating the sale of their companies have to answer this tough question in an objective and a financially realistic way. Here are three common approaches to business valuation.
Published September 24, 2010
HP is convinced that locked inside smart phones, tablets, and other web-connected devices are billions of pages yearning to be printed. On September 20, HP’s Imaging and Printing Group (IPG) showcased its latest solutions for liberating personal and business printing at an “innovation summit” in New York City.
Published September 14, 2010
Canon Expo was the first opportunity since their recent merger for Canon and Océ to show their new team face. Patrick Henry was there to report back on just how well the two companies are working together and leveraging each other's strengths.
Published September 3, 2010
The New Jersey towns of Summit and New Providence are among the most upscale in the state. Household incomes are high, home prices remain strong, and local amenities are first-class. Nevertheless, some residents of these affluent communities are going hungry—an inequity that the area’s AlphaGraphics franchise is working to eliminate.
Published August 27, 2010
The picture above was taken not in a printing museum but in the letterpress department of Taylor Corporation’s Tatex subsidiary in Waco, TX. Somewhere in the room is what’s believed to be the oldest Heidelberg press still in operation in the U.S.
Published August 26, 2010
“On the whole, I would rather be in Philadelphia.” It’s what W.C. Fields was rumored (falsely) to have chosen as the inscription on his gravestone. For present-day bloggers in the City of Brotherly Love who remember it, the line carries as much irony as any of the late comedian’s celebrated wisecracks. That’s because the city of Philadelphia wants them to pay what has been incorrectly labeled a “blogging tax”—a development reported by Philadelphia Citypaper last week.
Published August 24, 2010
A Printing Office, WhatTheyThink’s blog for small to medium printers, is now serving this audience under the auspices of PrintCEO. Patrick Henry, managing editor of A Printing Office, will continue to post news and commentary for this segment at PrintCEO, which contains a complete archive of material previously published at A Printing Office.
Published August 24, 2010
It wasn’t supposed to be like this. By now, the economy should have picked up, printers’ prospects should have improved, and the banks should have responded by letting some sunlight into their vaults when borrowers from the industry came calling. What happened? Although the nation’s general banking crisis may be over, says Tom Williams, partner, New Direction Partners, there’s been little improvement in the availability of credit for business and equipment financing.
Published August 18, 2010
Sales of a children’s book, The Adventures of Snooky Under the Sea, raise money in the fight against sarcoma, a deadly form of cancer. But the title made news in a curious way when another “Snooki” tried to register her moniker as a trademark for printed matter and books.