TORONTO—*This story has been updated*
Intertainment Media has announced the final closing sale of assets of Magnum Fine Commercial Printing limited to 1337478 Ontario Inc., an entity controlled by Media-Vision— a company that specializes in print, web, direct mail, displays and packaging, and premium and incentives work.
The sale transaction closed on Sept. 2 and all Magnum printing assets and employees have been transferred to Media-Visions’ head office on Passmore Ave. where production is located, Media-Vision CEO John Popovski said.
TORONTO—*This story has been updated*
QUEBEC—Transcontinental is posting higher profitability in the third quarter. As revenues increased by 1.9% in the third quarter to $500.0 million from $490.7 million at the same time last year, its net earnings rose to $44.2 million from $30.1 million.
The improvements are mostly due to the company’s recent acquisitions: Capri Packaging and Sun Media Corporations’ weekly newspapers in Quebec, as well as new agreements in two operating sectors. However, the company quoted a softer advertising market, which affected revenue growth.
Adjusted earnings rose 11% to $58.3 million from $52.5 million due to the contribution from acquisitions, new printing and distribution agreements, and company-wide optimization of its cost structure and its printing platform.
SINGAPORE—When IKEA released its 2015 catalogue, the company decided to give it the Apple treatment and spoof the popular brand. You know those apple commercials, a representative sits against a white background and the camera zooms in on a set of hands playing with the latest gadget. Switch out the apple rep for IKEA’s Chief Design Guru Jörgen Eghammer and the latest tech for the 328-page catalogue, and you get a clever, tongue-in-cheek ad that’s already gone viral.
So what exactly do you get with your IKEA catalogue? Well the bookbook is pre-installed with thousands of home furnishing ideas. It contains 328 hi-definition pages; it's 8mm thin, and weighs less than 400 grams. One of its top selling features: an eternal battery that promises to stay fully charged until the end of time. What Smartphone can promise that?
TORONTO—Printing machinery supplier Howard Graphic Equipment Ltd, donated hundreds of shirts, hats and jackets to the Scott Mission of Toronto earlier this week. The mission has helped and cared for the city’s underprivileged since 1941.
TORONTO—Intertainment Media has announced the final closing sale of assets of Magnum Fine Commercial Printing limited to 1337478 Ontario Inc., an entity controlled by Media-Vision— a company that specializes in print, web, direct mail, displays and packaging, and premium and incentives work. All Magnum Printing assets have been transferred and production is operational at Media-Vision.
VANCOUVER—Better Color Press Ltd., a full service provider of prepress, press and finishing services has installed a Heidelberg Speedmaster XL 75-6+L. The press prints both conventional and UV formats and has complete wallscreen and axis control, making all job requirements easily accessible for the operator.
OHIO—Color-Logic—developer of the process metallic colour system— has named former AGFA and Ernest Green & Sons employee Parker MacDonald as its sales representative for Ontario, Quebec, and the Maritime Provinces.
Sales and marketing director Mark Geeves said that Parker would enable Color-Logic to better serve the eastern Canadian market. Parker’s experience in the Canadian graphics art market is extensive and includes the offset, flexographic, wide format and sign industry.
OTTAWA—The Lowe-Martin Group has collaborated with Canada Post again, this time printing commemorative envelopes to recognize the 150th anniversary of the Charlottetown Conference.
Lowe-Martin printed 8,000 170mm by 155mm envelopes with an image of the conference of delegates on the steps of the Government in Charlottetown. The images used are from the public archives and records of P.E.I.
QUEBEC CITY—High quality labels manufacturer Multi-Action Labels has expanded its short-run printing operation by installing Netherlands-based SPGPrints’ DSI UV-inkjet label printing press. The press boasts high quality, shorter lead times and lower supply chain costs.
BRAMPTON—Taylor Label, a trade-only manufacturer of barcodes and labels, has installed a Primera CX1200 colour label press and FX1200 digital finishing system.