Acquisition Streamlines Printing Supply Chain for Publishers and Gives Lakeside the Most Extensive Product Portfolio Available in the Book Manufacturing Industry
WARRENVILLE, Ill. , April 13, 2022 /PRNewswire/ -- Lakeside Book Company ("Lakeside ") announced today that it has completed its acquisition of Phoenix Color Corp. ("Phoenix ") from ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ"). Phoenix is a specialty printer of book components, children's books, and other print-related products with printing facilities in Indiana and Maryland . In addition to book manufacturing, Lakeside provides distribution, sales and marketing services, as well as intellectual property and brand protection technology to book publishers. With this acquisition, Lakeside customers will have access to the most extensive portfolio of products, services, and solutions available in the industry.
Phoenix will operate as a division of Lakeside Book Company. Dave McCree , Lakeside's Chief Executive Officer, will lead the combined business. Marc Reisch , former Executive Chairman of Phoenix , will support the business through the integration and remain with ALJ. Phoenix President John Carbone is retiring from the company as Phoenix begins this new era as a division of Lakeside .
"Phoenix has been a premier supplier for publishing companies for over forty years. I wish to thank Marc and John for their leadership, which helped to earn Phoenix its position as the industry standard in both quality and service. We will uphold this reputation and are delighted to welcome the exceptional Phoenix team to our family at Lakeside Book Company," said McCree.
"Less than one year ago, we began a new chapter for our historic business, rebranding our company as Lakeside and building upon our legacy as the go-to partner for publishers large and small. Our new name marked the beginning of a new era for our company – one of growth, continuous improvement, and a renewed commitment to providing best-in-class printing and fulfillment services. Bringing Phoenix into the Lakeside Book Company is the next step toward fulfilling that vision," McCree said.
The complementary service offerings and scale achieved through this acquisition will benefit publishing customers through one-stop book and cover printing. This improved printing supply chain efficiency will be realized through streamlined order processing, scheduling and speed of delivery.
In 1864, R.R. Donnelley started as a partner at a small printing company in Chicago. In the years that followed, he grew the company into one of the largest and most trusted printing service providers in the world. As the decades passed, the company continuously expanded its services, and in 2016, LSC Communications was spun out to offer specialized solutions to publishers, brands, retailers, and merchandisers. In 2020, Atlas Holdings acquired LSC Communications and in 2021, rebranded its Book division the Lakeside Book Company. The company mission states: "We are committed to crafting books and services that are meaningful. We take pride in the challenge of fulfilling our customers' visions." For more information, please visit www.lakesidebookcompany.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lakeside-book-company-acquires-phoenix-color-301524946.html
Follow Buffett’s lead. And collect big dividends too.
(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesEurope’s Energy Crisis Deepens After Russia Keeps Pipeline ShutUK Slips Behind India to Become World’s Sixth Biggest EconomyApple’s Car Is Beloved Before It Even ExistsElizabe
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. Relatively few advisers are focusing on this outcome — at least among the more than 100 I regularly monitor.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Perhaps not: One fund manager that successfully navigated the past two major stock crashes is bracing for an awful end to the year because it fears the Federal Reserve’s quiet exit from bonds. London-based Ruffer LLP is concerned that the accelerating runoff of the Fed’s Treasury holdings will suck liquidity out of the markets—just as rising rates and falling stock and bond prices increase the need for cash to smooth the drop. “It puts a pincer on equities and bonds at the same time,” said investment director at Ruffer.
Shat should investors do now if they are considering making a bet on the infamously volatile sector.
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while the Dow Jones Industrial Average has dropped 0.2%. The Russell...
Artist and independent Kyle McDonald said on CoinDesk TV’s “First Mover,” the possibility Ethereum’s Merge will reduce energy costs by 99.95% is “highly realistic.”
Investors initially cheered the payrolls report, but then the market sold off on fears of big rate hikes. Is it time to worry about quantitative tightening?
Some investors will be getting a bit of money back soon, the result of a big settlement between financial firm Vanguard and the Massachusetts Secretary of State. The $6.25 million settlement has to do with allegations that the firm failed … Continue reading → The post Does Vanguard Owe You Money? It's Paying Investors Millions appeared first on SmartAsset Blog.
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
The major indexes broke more key support last week. Apple unveils the iPhone 14 Wednesday. AAPL stock is worth watching, but this tech leader looks better.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
The space agency postponed its latest try because of a hydrogen leak—a different problem than the one that helped cause Monday’s delay.
Currency traders are rushing to protect themselves against further losses on the pound after three months of freefall put sterling within touching distance of a 37-year low against the dollar.
(Bloomberg) -- El Salvador President Nayib Bukele took the stage last year to fireworks and AC/DC’s “You Shook Me All night Long,” announcing to a cheering crowd of crypto enthusiasts at a beachside confab that Bitcoin would revolutionize his country. It was November, the digital token had just notched new all-time highs and El Salvador was at the very beginning of its experiment as the world’s first nation to use the cryptocurrency as legal tender. Most Read from BloombergAmazon Closes, Abandon
While it may not be enough for some shareholders, we think it is good to see the DraftKings Inc. ( NASDAQ:DKNG ) share...
Elon Musk fears neither his competitors nor the regulators. The CEO of Tesla has not hesitated to attack the powerful US Securities and Exchange Commission (SEC) with which he has had a stormy relationship since his now famous tweet of August 7, 2018 in which he announced that he was going to take the manufacturer of electric vehicles private. This message had prompted an investigation by the SEC which had subsequently resulted in a settlement.