Printer News

Ennis Inc., Midlothian, Texas, today announced that it has executed a definitive agreement to acquire the assets of Folder Express (www.folderexpress.com) from Wright Printing Company of Omaha, Neb. The closing, which is expected to be on or before Sept. 30, 2013, is subject to the completion of normal pre-closing items. Folder Express will continue to operate at its current location in Omaha, Neb.

Mohawk has announced an organizational restructuring, creating two new distinct business units: Mohawk Fine Paper and Mohawk Digital. This move will support the growth in Mohawk's emerging digital business while securing the future of its core fine paper business.

Ennis Inc., Midlothian, Texas, yesterday reported financial results for the three and six months ended Aug. 31, 2013.

Postmaster General Patrick Donahoe said Thursday his agency is in "the midst of a financial disaster" and may need an emergency increase in postage rates to keep operating.

"The Postal Service as it exists today is financially unsustainable," he told the Senate Homeland Security and Governmental Affairs Committee. It's a message that the postmaster general has been delivering to Congress with regularity over the past several months.

Donahoe pressed lawmakers Thursday for swift action on legislation to fix his agency's finances. The post office expects to lose $6 billion this year. Last year the agency lost $16 billion.

Masterpiece Graphix, Fenton, Mo., recently launched a new website and rebranding effort to combat rising industry image challenges. The website, www.mgxdigital.com, is offered in mobile and desktop versions for a user-friendly experience.

I was having my coffee and reading the morning’s investment news when I came across an article regarding 3-D print, which directed me to another article and then another. While I was already aware of the pockets of the day-to-day impact this technology was having in health care, manufacturing, etc., I hadn’t really given much thought to the potential sweeping change that the investment world is hanging its hat on in search of the “next big thing.”

Mohawk, North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing, is rolling out a new specialty digital substrate promotion.

FASTSIGNS' growth, fueled by both the consistent global market demand for its services and the upturn of the U.S. economy, shows no signs of slowing down. The company finalized 38 new center agreements in 2012 to become the largest sign and graphics franchisor in North America and is experiencing similar numbers in 2013.

Leona F. Gebhart, 70, of 1469 Reservoir Road, Hollidaysburg, Pa., was arrested Thursday and charged with 90 felony counts including forgery, access device fraud and theft, after a two-year investigation by Altoona (Pa.) police into financial discrepancies at Henderson's Printing, 813 Green Ave.

Police contend that starting in February 2000, Gebhart embezzled thousands from the company while allowing federal tax obligations to slide. It was an IRS lien on the building and the freezing of the company's bank accounts that brought the scheme to the attention of R. Thomas Henderson, the company's chairman of the board, on April 1, 2011.

The Eastman Kodak Company, the corporation made famous as a film giant, announced that it has emerged from Chapter 11 and restructured its business model 20 months after filing for bankruptcy protection.