Business Management - Finance/Financial

Macaran Printed Products, a Cohoes, N.Y.-based label printer, has announced that the company has become 100% employee owned via an employee stock ownership plan (ESOP). CEO Nick Van Alstine states that the ESOP will both protect and reward the company's employees, many of whom have been with the company for more than 10 years.

EFI has named Grant Fitz as its new CFO, succeeding Marc Olin, who is remaining with EFI as COO. Prior to EFI, Fitz held executive positions with Valassis, a print and digital marketing technology and consumer engagement company, and Xerox.

After nearly 10 years with the company, Greg Jehlik is retiring from the position of CEO of Maxcess. After an extensive search, Berwind, Maxcess's parent company, has named Odd Joergenrud as Jehlik's successor.

The sale of the Kodak Flexographic Packaging Division is complete. The division was sold to Montagu Private Equity LLP and will operate as a standalone company called Miraclon.

Taking Heidelberg's collaboration with Masterwork, which dates back to 2014, to the next level is designed to open up further potential in the growing package printing segment, especially in China — the world’s largest individual market.

During its annual Converter Meeting held March 10-13 in Asheville, N.C., TLMI revealed the four winners of this year's Eugene Singer Award for Management Excellence. The award recognizes excellence in business management measured and defined by an established set of growth and profitability ratios through participation in the TLMI Management Ratio Study.

The Independent Carton Group (ICG), a collection of independently-owned folding carton printers and converters, reports that despite continued consolidation in the folding carton industry, business growth among its membership remains strong.

The Independent Carton Group (ICG) is pleased to report that, despite continued consolidation in the folding carton industry, business growth among its membership remains strong. This is evidenced by the significant investments that ICG members continue to make in their own operations and the strength of their collective buying power. ICG members are independently owned […]

Masterwork Group Co., Ltd., China’s largest manufacturer of diecutters and hot-foil embossing machines is to obtain around 8.5% of the Heidelberg share capital under a cash capital increase from authorized capital excluding shareholder subscription rights. This will allow Heidelberg to increase its market presence in the expanding package printing segment.

The latest edition of the FINAT RADAR has been released, indicating that European label customers are approaching 2019 more cautiously than 2018. With multiple global factors at play, the full report details the reasons for the cautious approach.