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FLEXO Magazine : September 2013
Indicators Industry PrESSInG ISSUES nylofl ex® NExT equipment video – www.fl intgrp.com Cenveo Buys national Envelope nylofl ex® innovative reliable precise effi cient NExT exposure technology Radically new LED exposure for fl exo plates The smart solution for Flat Top Dots and Surface Screening • High-intensity LEDs (>800 mW/cm2 ) for highest productivity • Consistent UV emission ensures long-term repeatability • Easy-to-use – requires no additional processing steps or consumables • Compatible with all standard prepress software & HD Flexo • Easy implementation to existing digital workfl ow • Suitable for all digital plates – any type, thickness & format nylofl ex® nylofl ex® NExT Technology NExT is a high-performance exposure technology for precise image reproduction and the highest print quality with excellent ink laydown. High-intensity UV-LEDs ensure consistent long-term UV emission and reproduction of even the fi nest detail. The new and innovative exposure units, nylofl ex® nylofl ex® NExT Exposure FV – available now. Flint Group Flexographic Products T +1 704 504 2626 info.fl exo@fl intgrp.com deGirolmo Is President nilpeter USA CINCINNATI, OH—Lenny DeGirolmo succeeded Andy Colletta as president/CEO/managing director Nilpeter USA, Sept. 1, 2013. DeGirolmo was most recently the vice president of operations. He joined Nilpeter in 2000 and held several key positions within the company, including vice president of sales and North America product manager. NExT Exposure FIII and DeGirolmo will report directly to the Executive Management Board at the Nilpeter global headquarters in Slagelse, Denmark. Lars Eriksen, president and CEO of Nilpeter A/S, states: “Nilpeter’s longterm presence in the North American market is a key part of our corporate strategy and we intend to keep developing our strong commitment to our valued customers.” STAMFORD, CT—Cenveo Inc. entered into a definitive agreement to acquire the operating assets of National Envelope. In conjunction with Cenveo’s agreement, Hilco Receivables has agreed to acquire substantially all the accounts receivable and Southern Paper has agreed to purchase the inventory of the company. Cenveo expects that the acquisition of National will deliver approximately $300 million in incremental annual sales and $30 million of incremental EBITDA when the integration of the two companies is complete. Purchase price is said to consist of $20 million of cash and $5 million of Cenveo common stock. The closing is subject to bankruptcy court approval and customary closing conditions. National and Cenveo assured customers of a smooth integration and said that orders will continue to be produced and shipped in the normal course of business. The acquisition will better position Cenveo for continued revenue growth through an enhanced portfolio of products and services, increased geographic presence and improved financial stability. “This transaction allows us to achieve our dual objectives of expanding our leading position in the envelope market and positioning us for continued growth,” said Robert Burton Sr., chairman and CEO of Cenveo. “We believe the combination is also in the mutual best interests of both Cenveo and National, as it creates a financially stronger company. We look forward to a seamless integration of the businesses and to continuing to provide the highest level of service to customers.” National Envelope filed Chapter 11 on June 10, 2013, in order to facilitate a sale. NEW All names marked with ® are registered trademarks and Rely on us.SM is a service mark of Flint Group.