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FLEXO Magazine : January 2010
24 FLEXO JANUARY 2010 www.flexography.org GOA 2010: Something for Everyone Graphics of the Americas (GOA), celebrating its 35th anniversary Feb. 25-27 in Miami Beach, FL, is pleased to an- nounce that an all-star line-up of exhibitors have again signed up to be part of one of the largest, annual combined exposi- tion and education events in the U.S. The event attracts print providers, suppliers and creative professionals from all over the world, GOA 2010 showcases the convergence of industry knowledge, products and technology. Close to 200 exhibitors have been secured to date. George Ryan, president of GOA, said, "Upwards of 9,500 qualified printing professionals come to GOA to view the latest industry products and services and to compare, evalu- ate and make purchasing decisions. Our 2010 show offers a diverse exhibitor base combined with cutting edge education sessions offered in both English and Spanish. There really is something for everyone this year and it is not to be missed." For the sixth year in a row, GOA has been selected by the International Trade Administration, U.S. Department of Com- merce to participate in the International Buyers Program. This program increases international attendance and helps U.S. exhibitors at GOA 2010 capitalize on the overseas purchasing power. Sixty percent of GOA attendees come from across the U.S., while 40 percent travel worldwide from Mexico, South America, Central America, and Canada. GOA is produced annually by the Printing Association of Florida, Inc., and is held at the Miami Beach Convention Cen- ter. To register, or for more information, call 1-800-331-0461 or visit www.GOA2010.com. PRESSING ISSUES Packaging: Strong, Economic Resilience Demonstrated Mesirow Financial, an investment banking firm and financial consulting organization that monitors the viability and volatility of industry in general, is reporting that, "Most economists believe that the U.S. economy will continue to benefit from the fiscal and monetary stimulus that began in earnest in 2009." The firm's 2010 economic forecast calls for real GDP growth of 2.9 percent in 2010 (versus a 2.5 percent decline in 2009). Furthermore, it says, credit market conditions are also forecast to improve. Word of these developments was conveyed in its Winter 2010 Packaging Perspectives Newsletter, which observes, "Mesirow Financial anticipates that private equity investors will become more active in packaging industry transac- tions in 2010, and that purchase price multiples will improve from the average 2009 levels as credit markets continue to recover. Part of the pick up in volume activity will come from nearly $700 billion of private equity money that has been raised but not yet invested." Analysts indicate, "The packaging industry has demonstrated strong relative economic resilience that enhances the industry 's attractiveness to private equity investors." They also ovbserve, shipments of folding cartons, flexible packag- ing and labels are relatively strong when compared to other industries; namely commercial print, autos and housing (see chart). Their conclusion follows. "Strategic buyers in the packaging industry have proven that value can be cre- ated from well-structured acquisitions. Buyers such as Rock-Tenn, Bemis, Pactiv, International Paper, Greif, PCA and Amcor have all been able to expand markets, products and earnings through strategic combinations, synergies and capacity rationalization. We expect all of these forces to continue to drive additional consolidation in 2010. INDUSTRY INDICATORS
Sustainable EOY 2009