Last month, Print+Promo checked in with industry suppliers as they struggled to find their sweet spot in the tepid economy. Their performance hinted at trouble with sales falling short compared to previous years. Would the distributors share the same fate? Not if 2014 numbers are any indication.
Just last year, Print+Promo's State of the Industry report addressed a big overhaul in marketplace realities. Suppliers and distributors alike finally tossed out traditional ink-on-paper models in favor of a service-based approach, creating a path for historic opportunities. Those opportunities, it turns out, came in the form of historic acquisitions.
Standard Register, a leading provider of workflow, content and analytics solutions, has named new executives to lead its IT organization and support growth in its portfolio of solutions enabled by technology.
Standard Register, Dayton, Ohio, announced that its board of directors has appointed four new officers of the company: Greg Greve, executive vice president, Enterprise Delivery; Joseph L. Klenke, executive vice president, Advanced Technology and Channels; Jeffery L. Moder, executive vice president, Corporate Marketing; and Amy Reilly, executive vice president, Organizational Effectiveness.
If Standard Register’s stock price is any indication of future success, president and chief executive officer Joseph P. Morgan, Jr.’s schedule is about to fill up fast.
Standard Register announced today that it has acquired distributor WorkflowOne in a transaction valued at $218 million, financed by assuming $210 million of long-term debt and the issuance of warrants with an estimated value of $8 million.
WorkflowOne LLC has been awarded a three-year group purchasing agreement with the Premier Healthcare Alliance for document management and patient communication solutions for its members.
Dayton, Ohio-based WorkflowOne, a provider of print management, distribution and marketing services, has been awarded a print management contract by one of South Florida’s largest children’s hospitals.
WorkflowOne LLC has been awarded a three-year group purchasing agreement with the Premier healthcare alliance to sell branded merchandise and related promotional programs to its members.