Chicago-based Darwill will be the first US company to install the Océ ProStream 1000. The company selected the ProStream to fulfill customer demand for high quality color applications on coated stock. Mark Deboer talks about how critical it is to have networking and peer education at events like thINK have helped them get up to speed on the evolving production inkjet ecosystem.
http://whattheythink.com/video/87321-darwill-continues-inkjet-journey-oce-prostream-1000/
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HP Inc. announced its inkjet production printing solution, PageWide Web Press, has reached a milestone of 500 billion printed pages, as the print platform continues to expand its page capacity driven by global HP print service providers (PSPs). “PSPs operating HP PageWide Web Presses are finding new success and opportunities for more sophisticated and profitable digital print applications, as well as transferring more pages from offset to digital inkjet technology,” said Carles Farre, vice president and general manager, HP PageWide Press. “They have more than doubled the number of pages they print on HP PageWide Presses since drupa 2016 for a growth rate that is nearly twice that of the market. More than half of these customers have printed over 1 billion pages on their devices.” HP PageWide Web Press is an inkjet leader, reaching a share of more than 30% of the 8.8 billion page capacity added in high-volume color inkjet page capacity in the first quarter of 2020.1
In another example of private equity firms targeting investments in distressed companies in the printing industry, Menomonee Falls, Wis.-based catalog printing specialist Arandell has reached a potential asset purchase agreement with Saothair Capital Partners, which is located outside of Philadelphia in Radnor, Pa. On Aug. 13, Arandell Holdings announced that the commercial printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The investment in Arandell by a private equity concern is similar to the acquisition of Chicago-based LSC Communications last month by another private equity turnaround specialist: Atlas Holdings, of Greenwich, Conn. That transaction, which will take the publicly-held book, catalog, and magazine printing specialist; logistics provider; and office products supplier private, is expected to close in the fourth quarter of 2020.
*Revenues were $99.7 million for the quarter, an increase of $9.8 million or 10.9% for the comparative quarter and $400.0 million for the fiscal year, an increase of $42.0 million, or 11.7% for the comparative fiscal year. *Earnings per diluted share for the current quarter were $0.26 compared to $0.20 for the comparative quarter last year. Earnings per diluted share were $1.11 for the fiscal year as compared to $0.93 for the last fiscal year. *Our gross profit margin for the quarter decreased on a comparative quarter basis from 29.6% to 27.5%. Gross profit margin was 28.7% for the fiscal year compared to 29.0% for the prior fiscal year.