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The 2014 Print Leadership Summit, The Premier Event for Leaders in the Printing Industry

Written by Kerry Stackpole.

PrIndAmLogoPittsburgh, Pennsylvania, January 28, 2014—Printing Industries of America is pleased to announce the 2014 Print Leadership Summit, June 2–3, 2014, at the Fairmont Dallas Hotel in Dallas, Texas. This exciting and innovative event developed for leaders in the printing industry, spotlights three business-critical topics for today’s printers: Leadership, Technology, and Sales.

“Today’s print and graphic arts industry leaders are the people who have survived the rough times in the industry, the strongest of the industry who are now ready to not just survive but to thrive. This conference is for these leaders,” said Michael Makin, President and CEO, Printing Industries of America.

The sessions of the Print Leadership Summit are short and sharp, pared down to the essential concepts the presenters want to share with industry leaders. You’ll come away with rock solid, innovative ideas that will have immediate impact on your business. The agenda highlights everything from company acquisition to health care to the future of the U.S. Postal Service to Lean manufacturing and much more. 

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International Paper agrees to merge xpedx distribution business with Unisource Worldwide, Inc.

Written by Kerry Stackpole.

international-paper-company-logoMEMPHIS, Tenn., Jan. 28, 2014 /PRNewswire/ -- International Paper (NYSE:IP) today announced that distribution solutions businesses xpedx and Unisource Worldwide, Inc. will merge under the terms of a definitive agreement that will result in the creation of a new publicly traded company. The agreements providing for the combination of the two businesses were signed by International Paper, parent company of xpedx, and by UWW Holdings LLC, the holding company that owns Unisource and is owned by an affiliate of Bain Capital and by Georgia-Pacific, as well as certain of their affiliates.

Upon the expected completion of the merger in mid-2014, which is subject to certain closing conditions, the new company will have projected annual revenue in the range of $9 billion to $10 billion, and will have about 9,500 team members across more than 170 distribution centers in North America.  "This transaction provides excellent value for International Paper shareholders and is a unique opportunity for xpedx and Unisource to create a new company that is stronger, more competitive and able to provide even greater value to customers," said John Faraci, chairman and chief executive officer of International Paper. "We anticipate the new company will generate synergies of about $200 million."
Mary Laschinger, president, xpedx, and senior vice president, International Paper, said, "We're bringing together two well established distribution businesses to create a new company with the financial stability and strategic focus to strengthen and grow our core businesses. Combined, the new company will be even better positioned to provide the products, services and ideas to support our customers' businesses."

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New Page Acquired By Verso Paper

Written by Kerry Stackpole.

verso-logoVerso Paper Corp. agreed to acquire printing and specialty paper producer NewPage Holdings Inc. for about $1.4 billion.  The deal is expected to create a stronger business to compete with increasing electronic substitutes for printed materials.

The deal includes total cash and debt consideration of $900 million. That includes $250 million in cash, most of which will be paid to the NewPage holders as a special dividend. Holders also will receive Verso shares representing at least 20% of Verso common stock before the deal closes. The transaction also includes refinancing of NewPage's $500 million term loan. The deal is expected to close in the second half of this year.

The company will be led by Verso Chief Executive Dave Paterson. Verso has agreed to appoint a NewPage director to its board.

 

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Obama Administration Delays Employer Mandate in Affordable Care Act

Written by Kerry Stackpole.

PPACAThe Obama Administration announced a ONE YEAR DELAY (or "transition relief") of the employer mandate portion of the Affordable Care Act (ACA) currently scheduled to take effect on January 1, 2014. The mandate would require employers with 50 or more full-time equivalent workers to provide health insurance at prescribed levels or to face penalties and fees starting at $2,000 per worker. The Treasury Department, which is in charge of implementing the employer mandate, conceded that the reporting requirements and compliance burdens facing businesses were too complex at this time and that the mandate would be delayed until 2015 to allow both the Administration and employers more time to understand the rules surrounding this key pillar of the 2010-passed ACA.
 
In terms of policy, the Congressional Budget Office (CBO) had estimated that penalties and fees assessed on employers would have reduced the federal deficit (and thus "paid for" the ACA) by $5 billlion in 2014; however, CBO also estimated that only a small portion of the currently uninsured would gain new coverage solely because of the provision, as many "large" (more than 50 workers) companies already provide coverage (especially true in our industry). The other two key parts of the ACA - the individual mandate and the government-managed health subsidies and federal/state health insurance exchanges - remain unchanged at this time.
 
PGAMA will continue to work with Printing Industries of America to lobby Congress and the Administration to seek solutions that will lead to more affordable, accessible health care coverage for employees in our industry. We will continue to keep you informed as major developments to the future of the ACA occur.

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International Paper Named Virginia’s Shipper of the Year

Written by Kerry Stackpole.

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PriscoDigital Brings “SPARK of Innovation” to Dscoop8

Written by Kerry Stackpole.

PriscoDigital brings the “SPARK of Innovation” to Dscoop8 with production workflows and latest HP Scitex Wide Format technologies

PriscoDigital, Esko and Caldera are offering a unique visitor experience with a practical ‘design-to-print-to-cut’ workflow for rigid media and flexible media

Newark, NJ, January 30, 2013 - At Dscoop8, February 21 – 24, Nashville, TN, for the second straight year, visitors can see a live demonstration of a complete, practical production workflow, from design-to-print-to-cut in adjoining Platinum Sponsor booths, Esko (#819) and PriscoDigital (#815). Join our staff of innovators as well as life-size replicas of Thomas Edison, Albert Einstein and Henry Ford that demonstrate how you can take your company in new directions.

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Value of Print Now Available in App Stores

Written by Kerry Stackpole.

The Value of Print Mobile App is now officially available for download!
  This app, your on-the-go resource to promote the value of print, is the new complement to the printed Value of Print Flip-Book, providing: a live RSS feed with the most up-to-date facts and statistics to support print’s effectiveness; unique access to searchable, targeted printing industry market data from the 2011 Print Market Atlas; and supported facts to respond to misconceptions and confirm print’s effectiveness. Download the Value of Print App on your mobile device today and enjoy access to the most compelling information at the touch of a button.