Lakeside Book Company and ALJ Regional Holdings, Inc. jointly announced that they have entered into a definitive agreement for Lakeside's acquisition of all of the issued and outstanding shares of common stock of ALJ's wholly-owned subsidiary Phoenix Color Corp. ("Phoenix"). Headquartered in Hagerstown, Maryland, Phoenix is a specialty printer of book components, children's books, and other print-related products with printing facilities in Indiana and Maryland. The transaction is expected to close during the second calendar quarter of 2022, subject to customary closing conditions and regulatory and stockholder approvals. "We know Phoenix well as a recognized leader in book components. Adding their team's capabilities to Lakeside's service offerings will enable our publishing customers to conveniently manage book and cover printing in one place," said Dave McCree, Lakeside's Chief Executive Officer. "We are always looking for ways to make the printing supply chain more efficient for publishers and this transaction would be a significant step in that direction."

2021 Second Quarter Results: Revenues decreased by $1.8 million, or 0.3%, from $625.1 million in the second quarter of 2020 to $623.3 million in the corresponding period of 2021. Operating earnings increased by $11.8 million, or 26.8%, from $44.1 million in the second quarter of 2020 to $55.9 million in the second quarter of 2021. In the Packaging Sector, adjusted operating earnings decreased by $7.0 million, from $38.2 million in the second quarter of 2020 to $31.2 million in the second quarter of 2021. In the Printing Sector, adjusted operating earnings increased by $14.1 million, or 35.8%, from $39.4 million in second quarter of 2020 to $53.5 million in the second quarter of 2021. Net earnings attributable to shareholders of the Corporation increased by $9.9 million, from $25.7 million in the second quarter of 2020 to $35.6 million in the second quarter of 2021.

KECAI is a newly established trade shop, who provides high-level processed flexo plates for advanced packaging printing, not limited to printing applications of labels, flexible packaging, folding carton and paper cups. Mr. Guan Heng, the Director of KECAI, has been looking for solutions, which shall deliver not only high quality printing but also which are sustainable. The nyloflex® Xpress Thermal Processing System is very convincing with its focus on innovations such as: •An intelligent configuration of the nyloflex® Xpress Thermal Processor that allows few components which leads to less maintenance, less downtime and lower operating costs •Specially developed nyloflex® Thermal Printing Plates in combination with the unique heating system that ensures high plate and print quality •Engineered fabric of the nyloflex® Developer Rolls is designed to be highly efficient and environmentally friendly. Click Read More below for additional information.