Heidelberg announced its plans to integrate the lifecycle business and the global sales and service subsidiaries of the manroland sheetfed Group. With this transaction, HEIDELBERG is securing its position as a global leader in the printing and packaging industry. The combination of two companies that have shaped the history of printing press manufacturing for decades brings together geographic presence, high service quality, and a consistent customer focus. In the initial phase, the primary focus will be on continuing to operate manroland systems by maintaining the global service and spare parts offerings. As part of the transaction, HEIDELBERG is acquiring manroland sheetfed’s service and spare parts business through approximately 35 country organizations with about 600 employees. In addition, HEIDELBERG is acquiring the technology and intellectual property (IP) related to service and spare parts, as well as selected assets.

Third Quarter 2020 Highlights: * Total revenue increased by 10.4% to $49.9 million, from $45.2 million in the third quarter of 2019. * EBITDA1 was up 49.3% to $8.1 million, an increase of $2.7 million, from $5.4 million in the third quarter of 2019. EBITDA includes a $0.9 million of assistance from the Canadian Emergency Wage Subsidy (“CEWS”) program. * Net Earnings increased to $2.7 million (or $0.10 per share), from $1.2 million (or $0.04 per share) in the third quarter of 2019. * Packaging and Specialty Products segment revenue increased by 18.9% to $15.8 million, up from $13.3 million in the third quarter of 2019. * Envelope segment revenue increased by 6.9% to $34.1 million, up from $31.9 million in the third quarter of 2019. * Net cash flows from operating activities increased to $7.2 million, up from $3.7 million in the third quarter of 2019.

Optimum Group, a leading supplier of self-adhesive labels and flexible packaging, has improved the recyclability of its shrink sleeves after adopting Flint Group’s Evolution range of primers and varnishes, designed to enhance packaging label recycling. Evolution Deinking Primer is applied to the substrate before the ink to provide strong ink adhesion throughout the life of the label. It enables the ink to be released (de-inked) into the recycling caustic wash and the substrate to be broken down into flakes, allowing for more than 99% recyclability. Marcel Tuyn, Technical Sales Manager at Flint Group, said, “Working with Optimum Group’s Wellen team has been a fantastic experience, and we’re delighted that they have achieved success thanks to our Evolution Deinking Primer.