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From the editors of American Printer | A Penton Media
Property
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October 21, 2009
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From the Pressroom...
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Mallard Press
goes south
After 30 years in business, Mallard Press (Lombard,
IL) has shut its doors. Owner Bob Gay offered WTT’s Cary Sherburne
some candid insights on the company’s demise. According to Gay, the $5
million company had taken on so much debt, it couldn’t rebound from
some lean sales months.
Gay was able to work with his equipment finance companies, but
ultimately faced eviction from his landlord and could not secure the
funds to move to a different location.
“There are many companies who are experiencing similar problems,”
says John Hyde, NAPL senior vice president. “But before suffering such
a sad ending, some owners in [Gay’s] position explore opportunities to
combine with a compatible strategic partners to preserve value and
transition from ownership in a graceful and orderly manner. Mallard
Press would have been an ideal candidate for a so-called ‘tuck in’
acquisition into the infrastructure of an acquirer/merger partner. This
would have maximized the value of his customer relationships that are
otherwise lost due to closing the business. Moreover, a strategic
transaction would have avoided moving costs; those funds would have been
available from his strategic partner. And, in a strategic transaction,
the bank usually cooperates so that assets are converted to cash as part
of a planned liquidation which has a better chance of debt recovery for
creditors and preserving value.”
While we continue to hear that the economy is recovering, recovery
won’t happen soon enough for many printers.
As always, thanks for reading!
Katherine O’Brien, editor, AMERICAN PRINTER mailto: mailto:KOB@americanprinter.com
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Top Headlines
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Editor's Notebook
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We promise we
won't ask you to play Mafia Wars on FB
Want a steady feed of interesting industry news?
Follow AMERICAN PRINTER on Twitter or Facebook.
For Twitter, see twitter.com/APKOB. Our Facebook fan page is
www.facebook.com/pages/American-PrinterMagazine/48526382394?ref=ts.
Here are some recent tweets:
UNIMAC Graphics has received court approval to merge TanaSeybert into
its fold of companies. See www.unimacgraphics.com.
The 2009 Ultimate Guide to Web-to-Print Solutions is available from the
InfoTrends report store: ow.ly/uQJf
Good news: USPS suggests no rate hike in 2010 bit.ly/f3uKQ
Walmart takes aim at Amazon. Top 10 books $10 ea. w/ free shipping. 50%+
off top 200 ow.ly/uDsd
Target Launches Digital Newsstand | WebProNews retwt.me/T6AD
Barnes & Noble twin-screen e-reader revealed early? bit.ly/gEVZd
Integrated Book Technology has added the first “book-of-one” digital
production line: Océ VarioPrint 6250 digital duplex cutsheet printer,
with Océ PRISMAproduction software, a Challenge three-knife trimmer,
CEM DocuConverter, and GPSquared case binding system. See
www.integratedbook.com.
RT@ JKern_MOD How Social Media & Email
Marketing Boost Customer Reach. Online marketing blog: ow.ly/ul25.
In Finland, access to a 1Mb Internet connection will soon be a legal
right: tr.im/BLQr
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Contact Laith Yaldoo at Laith@FTSservice.com or
248-540-7900 x422.
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Mark Your Calendars
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Digital
printing for feds & eggheads
Interquest will hold its Digital Printing in
Government and Higher Education Forum in Washington D.C. on Wednesday,
Nov. 4 from 9:00 a.m. to 3:30 p.m. at the Omni Shoreham Hotel.
See www.inter-quest.com/2009DigPrintingGovtForum.html.
Graphics Canada takes place next month
Graphics Canada: Canada's largest graphics, printing & converting show
returns to Toronto Nov. 12-14, 2009.
See www.graphicscanada.com.
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Trim Out
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Have you seen
APTV?
Have you seen AMERICAN PRINTER on TV? In the latest
APTV cast GASC President Ralph Nappi discusses Print 09, Frank Romano
identifies new opportunities for printers and Ray Prince’s Must See
‘em segment features Heidelberg and Ryobi. Check it out at tinyurl.com/yzxs2nx.
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An inside look at
Mad Men
Thanks to HOW magazine for sharing this link to an
interview with Mad Men's prop master Scott Buckwald. Tenuous printing
connection: Buckwald often must recreate magazine covers and print ads
from the 1950s. See bit.ly/2eklsc.
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