Digital Printer Cenveo Makes $430 Million Acquisition
Cenveo will acquire Cadmus Communications, creating the third-largest graphic communications company in North America.
Digital printing provider Cenveo reported Wednesday that it will acquire Cadmus Communications for $430 million. The deal, the firms said, will create the third-largest graphic communications company in North America.
Cenveo, which has about 8,000 employees, recorded sales of about $1.6 billion in a recent 12-month reporting period, according to published reports. Cadmus had sales of about $451 million in the last 12 months. Headquartered in Richmond, Va., Cadmus has about 3,300 employees. Cenveo is located in Stamford, Ct.
"Over our 22-year history, Cadmus has grown to become the leading provider of publishing services to the scientific, technical, and medical market, the fifth largest periodical printer in North America and a leading global provider of specialty packaging services," said Bruce Thomas, president and chief executive officer of Cadmus, in a statement.
Cenveo has two major operations. The commercial printing operation has 27 manufacturing facilities while its envelops-forms-labels unit has 37 manufacturing facilities.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
Digital Transformation Myths & TruthsTransformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.