Changing Environment

However, he believes that small, regionally-focused printers, or specialist converting companies, such as those in pharmaceuticals or wine labeling, will continue to prosper by meeting the needs of these specific markets.

Hickey notes an industry trend in which equity-backed converters are “competing to roll up segments of the industry.” This, he believes will play itself out, but not before some impact within the industry. “Not everyone can win this race, so there may be some collateral damage to converters competing against these ‘conglomerates’ and fall-out for those conglomerates that are not as successful in this new game.”