Posts tagged: corrugated

Ramping Up, in Packaging: Durst + Koenig & Bauer

Bob Leahey
 Apr 17, 2019

Companies focused on digital printing for packaging got a reminder recently that two important suppliers, Durst Phototechnik and Koenig & Bauer, are joining forces, with the goal of making production-level digital printers for both folding carton and corrugated applications. Durst (Italy) and Koenig & Bauer (Germany) signed a 50/50 joint venture agreement on April 10 in Munich, to establish “Koenig & Bauer Durst GmbH.” First revealed in December 2018, the new venture will be registered in Wurzburg, Germany, where Koenig & Bauer is headquartered, but will be a separate entity with its own managing director, and it will cooperate closely with both parent companies. The companies expect that regulatory approvals will be granted within a few weeks, and that business operations will begin in late May.

Durst SPC 130 Single Pass Corrugated Printer

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Siris Capital Acquires EFI in First Deal of Technology Buyout Fund

Ron Gilboa
 Apr 15, 2019

EFI: The Acquirer is Acquired
Siris Capital Group, LLC, a New York City-based private equity firm founded in 2011, announced the acquisition of Electronics for Imaging, Inc. (EFI) earlier today. The buyout is a pivotal moment for both graphic arts and industrial segments due to both the size and role that EFI plays throughout the industry; it is also a tribute to EFI’s skill, not only at acquiring promising companies over time, but also enlisting their talents and technologies to create synergy for whole of EFI. EFI’s many parts, from the original Fiery business to the industrial print technology divisions that EFI has acquired or developed over time, have become strategic partnerships, ones spanning hardware and software in sectors as diverse as networked office printers, sign & display graphics, ceramic, textile, and corrugated printing, all aided by a vast portfolio of workflow solutions.

The details of the transaction include a $1.7 billion all-cash investment which values EFI stock at $37 per share, approximately a 45% premium over the 90-day volume-weighted average price on April 12, 2019. Although the deal is expected to close by the third quarter of 2019, EFI can accept proposals from other companies over the next 45 calendar days.

Siris’ First Deal in Technology Buyout Fund
Private equity firms continue to focus on print-related technology companies with solid cash flows and future earnings potential as the analog-to-digital transformation continues for segments in our industry. Frank Baker, a Siris Co-Founder and Managing Partner, commenting on the role that EFI plays in enabling digital transformations, said  “We believe that, by partnering with Siris, EFI will be well positioned to capture this transformational opportunity associated with increased digital inkjet penetration, industrial automation and software enablement. We are eager to partner with management to help the Company achieve its strategic objectives.”

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Nintendo Labo Shows Potential for New Sustainable Corrugated Cardboard Applications

Colin McMahon
 Oct 25, 2018

Consumer electronics specialist Nintendo has been enjoying positive growth. Its newest video game console, the Nintendo Switch, is proving quite popular among consumers who are seeking an innovative gaming experience at home and on the go. With its numbers back in the green, the Japanese video game manufacturer has returned to doing what it does best—taking creative risks. One of its most recent products, Nintendo Labo, exemplifies the company’s desire to push the envelope.

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HP T-Series for Corrugated: Up to 6 Colors & 1,000 FPM Speed Options

Bob Leahey
 Jun 5, 2018

In the crush of news from last month’s FESPA in Berlin is one corrugated story that merits extra attention: HP’s PageWide Industrial division, which pioneered the high-speed CMYK pre-printing of corrugated liner media with HP PageWideT400S and 1100S in 2014, announced at the show the introduction of two new versions of the 110”/2.8m wide press, the HP PageWide T1170 and T1190. Each prints six colors (CMYK plus Orange and Violet), extending the color gamut to meet brand colors, and also feature HP ColorBoost technology. The presses feature HP A30 water-based inks do not use UV-reactive chemistry, so the products printed are food safe. The T1190 also offers a big increase in productivity to 1000 fpm/305 mpm, up from the 600 fpm/183 fpm of HP T1100S. Both the T1170 and T1190 presses are suitable for both coated and uncoated media, from 80 gsm to 350 gsm. They are available now, either as new installations or as on-site upgrades to the twelve T1100S installations that exist today worldwide.

 

HP PageWide T-Series

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Highcon Releases the Euclid IIIC

India Tatro
 Mar 5, 2018

Highcon, developer of the revolutionary “Euclid” digital cutting and creasing technology for paperboard, recently announced the commercial release of a new machine, Euclid IIIC, which can cut and crease thicker media, in particular several grades of corrugated. The new machine features can work with single ply paperboard, laminated stocks, and N, F, G, E, and B-flute corrugated from 1mm to 3mm in thickness (40-120 points). The Euclid IIIC thus allows the Euclid series to expand further, thanks to the new printer’s ability to finish thin to medium grade corrugated media. That media category has grown quickly in the past few years because of is use in packaging, in particular for primary packaging such as small but sturdy boxes for cosmetics, consumer electronics, and home furnishings.  Read more »

Next Up for Vendor Shows: Xeikon Café in Belgium

Bob Leahey
 Mar 8, 2017

At this time of year vendors and users of digital print technology have a spate of events that qualify as vendor-specific tradeshows, ones hosted or sponsored by individual equipment suppliers. Among the best known are two that just took place, namely Hunkeler Innovation Days (February 20-23 in Lucerne) and Dscoop (March 1-4 in Phoenix, Arizona, for HP users). A third event, coming soon, is a pure play in digitally printed packaging and well worth visiting—the Xeikon Café that will take place in Belgium on March 27-30.

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Highcon Ramps Up: Lots to Show at drupa 2016

Bob Leahey
 Mar 23, 2016

Highcon, the digital finishing system supplier, recently held a three day event at its headquarters in Israel to show technology developments that it will soon unveil at drupa 2016 in Germany. The short version of our report on this “pre-drupa” gathering:

  • Since its debut at drupa 2012, Highcon has placed 25 of its “Euclid”  and “Euclid II” devices globally
  • In 2016 it will add a new portfolio of digital cutting and creasing systems and related tools, the Highcon Beam, Highcon Euclid III and the Highcon Pulse.
  • These products will give carton converters and other printers new access to Highcon’s unique finishing, and also to two applications new at Highcon, 3D printing and variable data cutting.

 Why Highcon Matters Read more »

HP and Packaging: First Placement of T-Series Inkjet for Corrugated

Bob Leahey
 Sep 3, 2014

HP announced on August 27 that a Czech corrugated converter, Obaly Morava, has recently installed the first HP T400 Simplex Color Inkjet Web Press to print corrugated liner stock in process colors. The news has two important features: (1) Obaly Morava will be the first to use HP’s thermal inkjet T-Series presses for packaging; (2) the corrugated market gains a major new entrant in the Read more »

Epson, HP, and Quick Label Systems Announcements Highlight PackExpo Day Two

Ron Gilboa
 Sep 25, 2013

The second day of PackExpo 2013 was highlighted by several digital printing announcements and continued strong attendance. As with the first day of the show the aisles were full with attendees, including many international visitors. Of the 26,000 or so buyers, Mexico represented the biggest group with about 1,000 attendees, followed by China and Japan. In all 25% of Pack Expo visitors are from outside the United States. On the announcement front we saw several new products from companies such as Epson, HP, and Quick Label Systems.

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A Big Move in Packaging Media: PCA To Buy Boise, Inc.

Bob Leahey
 Sep 24, 2013

Packaging Corporation of America (PCA), the fourth-largest U.S. producer of corrugated shipping boxes, recently agreed to buy Boise (BZ) Inc. for about $1.27 billion in cash, a move that will add to PCA’s capacity in the Pacific Northwest and in Europe. PCA will pay $12.55 a share, 26 percent over Boise’s Sept. 13 closing price, in a deal that also includes $714 million of Boise’s debt (based on SEC filings, this sum would appear to be Boise’s entire long-term debt). The two companies say the purchase will be complete in the fourth quarter of this year.

PCA says the takeover will increase its container board production capacity by 42%, to 3.7 million tons a year. PCA also forecasts pretax savings of $105 million within three years of the deal’s completion from lower transportation costs, and various synergies, especially in the SG&A area.

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