Chris Carpenter, President and owner of Sun Prairie, Wisconsin-based Royle Printing, describes why his catalog and magazine printing operation invested in an eight-unit Goss Sunday 2000 heatset web offset press with double former folder. He also discusses the current industry-wide paper shortage.
https://www.piworld.com/xchange/offset-printing/royle-printing-installs-8-unit-heatset-web-offset-press/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2022-02-14
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Arandell is taking part in a very special opportunity to partner up with local craft brewery Lakefront Brewery in a combined effort to fight cancer that honors fallen members from both organizations. Al Kluth, Warehouse Manager at Lakefront, and Dan Hauser, Bindery Trainer at Arandell, both passed away in 2020 as a result of complications from pancreatic cancer. Before his passing, Al was given the opportunity to develop his own style of beer in line with Lakefront’s My Turn program, which allows every Lakefront employee to select a style of beer that is then brewed and sold into the marketplace. When Al’s number came up after his passing, the team at Lakefront decided to reach out to his brothers Tim and Rob – both team members at Arandell – and his six other siblings to brew the beer in his honor. The result is My Turn Series – Al, #038, which is described as an American Stout that is pitch black and medium-bodied, with strong roasted and caramel malt flavors. According to the label on the side of each six-pack, the story goes that Al wasn’t much a fan of the “latest designer-hop IPAs or fruit salad kettle sours, but never turned down a good stout.” One hundred barrels of it were brewed and $1.00 from every six-pack sold will be donated to the American Cancer Society on behalf of Al by Lakefront.
Revenues increased by $92.2 million, or 14.8%, from $623.3 million in the second quarter of 2021 to $715.5 million in the corresponding period of 2022. Operating earnings before depreciation and amortization decreased by $6.1 million, or 5.6%, from $108.9 million in the second quarter of 2021 to $102.8 million in the second quarter of 2022. Net earnings attributable to shareholders of the Corporation decreased by $7.3 million, from $35.6 million in the second quarter of 2021 to $28.3 million in the second quarter of 2022.
Just on the heels of closing its Walton, Ky., printing plant the end of July, Arandell Holdings announced that the 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 on Aug. 13. According to the Menomonee Falls, Wis.-based catalog printing specialist — which serves U.S. retailers and online merchandisers — Arandell has sufficient liquidity to continue operating its business. “Given fundamental changes in the industry resulting from COVID-19 and other factors, company management is taking proactive and aggressive steps to improve the organization’s overall business framework, while continuing to pursue new business opportunities,” Brad Hoffman, Arandell’s chairman, president, and CEO, said in a prepared statement.