Blog Archives




 

  • Taxing Questions about End of Year Equipment Purchases
    By Tom Crouser - Tuesday October 23, 2012
    Is your accountant telling you that the upcoming end of the tax year (for calendar year filers) is time to buy equipment to save money? It’s not as cut and dried as that, so I again this year issue my annual warning about the downside of this practice. I say it’s time to review any upcoming purchases, but don’t be panicked into spending now because you may regret it later. According to http://www.section179.org/section_179_deduction.html ( www.Section179.org ) the 2012 deduction limit is $139,000. This is the amount of new or used equipment (or software) you may purchase, put into service, and write off as a direct deduction to your income this year. What’s bad about that? Nothing is bad, specifically. What’s bad is the...

  • Transition from Ownership: 3 Key Learning Points from the NAPL-NAQP Owners Conference
    By John Hyde - Friday October 19, 2012
    Attendees at the recent NAPL-NAQP Owners Conference exchanged ideas/perspectives on industry trends and issues including strategies for transitioning from ownership. Here are 3 key learning points that received attention among participants: 1. The M&A marketplace for quick and small commercial printing companies is robust, perhaps more so than other segments of the overall graphics communications industry. This is primarily due to buyers sourced by national franchise systems such as Allegra and Alphagraphics, both of whom have clearly demonstrated prowess in finding M&A opportunities for their franchisees. 2. Transitioning from ownership where the business is sold "in pieces" rather than as a "going concern" has become more accepted...

  • Graph Expo Then and Now
    By John Hyde - Monday October 15, 2012
    It never seems old to visit Graph Expo, but this year's show reinforces significant trends and highlights the difference from "then" to "now." Overall, the show remains highly relevant to business owners who are seeking ideas, insights, and perspective. While technology and production equipment dominate the landscape, in some ways the show has morphed from "product"-orientation to giant peer group, a place for the industry to reflect and reinvigorate. Size: Graph Expo 2012 is a fraction of the size of its predecessor from five years ago, easily captured on foot with one full day or at most two which makes it enticing for owners who can't get away for big blocks of time. Graph Expo 2000 would dwarf the current incarnation, as it used to...

  • What You Need to Know About Antitrust Law and Printing Industry M&A
    By John Hyde - Thursday October 4, 2012
    Given the substantial M&A activity that defines the landscape of the print and graphics communications industry, it's interesting to note that very few strategic acquisitions in recent years have triggered any antitrust concerns. Why do the regulators appear to be sitting it out on the sidelines while our industry is undergoing long-term consolidation? According to legal expert James Burns of Dickinson Wright PLLC (Washington, DC), who leads the firm’s M&A antitrust practice, merging parties typically do not need to obtain federal regulatory approval for transactions that are valued below $68 million, and most regulatory review occurs on deals that require pre-approval. While regulators can review transactions below this reporting...

  • Auto Response Gone Wild
    By Tom Crouser - Monday September 24, 2012
    Based on my experience, a small but significant number of printers (I estimate 8%) use an auto responder improperly, in my opinion. Specifically they set up a response to go out EVERY time an email is received. This might have been appropriate in the days when email was in its infancy (1996 or so), but doesn’t get it today. Why? Everyone gets too much email and a response saying “I haven’t read your email but wanted you to know we got it and will get back to you when we can,” is irritating to customers who expect us to actually read and respond to our email rather stack them in a pile. This reminds me of voice mail which says “We’re too busy to answer the phone right now but if you leave a message, we’ll get back to you when...

  • NAQP Owners Conference: You Gotta Be There!
    By Karen Hall - Monday September 10, 2012
    If you haven’t yet made plans to attend this year’s NAQP Owners Conference (October 4-6 in Chicago), you’d better get on the ball with your travel plans. You certainly don’t want to miss it. Click here to sign up. I know, I know…the economy is still tough, there’s a lot going on in your business, and you’re too busy by half. That’s precisely why you need to be there. Print owners need to shake out the cobwebs. You need to be reminded every now and again that you are not just another employee in your shop. You are the leader; the one who makes the decisions and who is responsible for success or failure of your company. Once a year, you have the opportunity to take advantage of the educational sessions and the peer...

  • Succession Planning Overview for Owners of Print and Graphics Communications Companies
    By John Hyde - Wednesday September 5, 2012
    Succession planning is a huge challenge facing owners in the printing and graphics communications industry, and, as head of the NAPL Mergers and Acquisitions advisory team, it’s an issue that comes through our offices at NAPL on a frequent basis, but in a context that some may consider surprising. Family-owned small businesses dominate the landscape of the printing and graphics communications industry. Many were founded by veterans in the post World War II era or by their baby boomer children. The next generation can be found in numerous companies that have been reinvented as the industry is being “redefined” (borrowing the phrase from my NAPL colleague, Andy Paparozzi). For these folks, succession planning is often the elephant...

  • Advice on Debt Financing for Growth
    By John Hyde - Tuesday August 21, 2012
    Debt financing for the five 10 percent of print and graphics communications companies that are growing is not overly difficult to obtain in the current climate (summer, 2012). Banks, leasing companies, and asset-based lenders all have their doors open for good borrowers. This means that owners are "doing it themselves" without outside assistance from consultants. When the owners of an NAPL client sought our input on their proposed financing last week, it occurred to me that some of these points may be relevant to other NAPL member-clients. The following eight points are only applicable to "healthy" companies seeking financing to support customer growth; they are not applicable to "turnaround" situations or for cases in which equity...

  • Labels: Adding Value to Packaging
    By Jules Lejeune - Monday August 20, 2012
    by Jules Lejeune, managing director FINAT The evolution of supply and demand for self-adhesive labels is not just a matter of collecting and interpreting industry statistics and quantitative indicators. Especially in the last three to five years, macro-economic factors such as the twin crises of bank credit and sovereign debt, and the associated volatilities, have distorted the picture of underlying longer-term trends and developments. What are these underlying trends? How is the label industry positioned in the context of the broader packaging industry? What is driving demand for labels in comparison to alternative decoration technologies? What is the label printer’s share of the total added value created along the supply chain? How...

  • Recommended Key Points for "Second M&A Date" Involving Two "Treading Water" West Coast Companies
    By John Hyde - Monday August 13, 2012
    By John Hyde An NAPL client on the West Coast is in "early stage" discussions with another print and graphics communications company about a possible strategic acquisition. Semantics about "acquisition" or "merger" are familiar terrain for these kind of exploratory talks, but both companies are "treading water", so the question of "who is buying who" is the 800-pound gorilla in the room. The first introduction via phone went well, and the parties are planning to meet in person as a "second date". I've been asked to provide "talking points" to help the client prepare. Here are my suggestions for this situation: "The most important outcome from this "Second Date" meeting is to gain better understanding of consolidation savings and...

Directories & Guides

Featured Links

Industry Events

More