Madonna, Bob Dylan & the Sistine Chapel – April 2026 M&A Activity

“Print is evolving from being just another media channel to becoming the stage where a brand proves its artistry and permanence.”
- Cherry Collins, strategy partner at Havas Media UK

“Print issues no longer move into the collectible category, they start there. Print is both our best foot forward, and a document for posterity.”
- Mark Guiducci, Global Editorial Director, Vanity Fair

“This is not about loss. This is about gain, reinvesting resources and strategizing how we position print so that it feels less like the old-school idea of a newsboy delivering your daily news and more like a premium parcel, a special treat you want to keep and dig into in a rarefied way.”
- Chloe Malle, Head of Vogue’s Editorial Content

Quotes from article “The Future of Fashion Magazines,” Vogue Business, October 3, 2025, with reflections on Conde Nast’s decision to shift Vogue’s publication from monthly to eight times per year, timed to correspond with major fashion events, with bigger issues and a commitment to print on heavier paper.

Print as Premium Luxury Channel

Callaway Arts & Entertainment, the publisher behind some of the most elaborate art, celebrity, and collectible books of the past four decades, recently filed for protection under Chapter 11 of the US Bankruptcy Code. The extraordinary part of the story is not that a publisher of $22,000 art-book sets eventually faced financial pressure. The remarkable part is that books of this ambition were produced at all.

For decades, Callaway pursued its rebuttal to the commoditization of print with unusual conviction. If ordinary information was moving online, then print had to become more tactile, more permanent, more collectible, and more luxurious. The company’s bankruptcy filing now shows both sides of that strategy. Premium print can escape commoditization, but it can also create a business model burdened by high production costs, long development cycles, expensive rights, specialized vendors, and a narrow audience of buyers.

The Legacy of Success

The person behind that feat is Nicholas Callaway. Born in 1953, he grew up surrounded and preceded by generations of successful entrepreneurs. His father, Ely Callaway Jr., founded Callaway Golf, the leading global manufacturer of golf clubs and golf-related products. His brother, Reeves Callaway, was the founder of Callaway Cars, a designer and manufacturer of high-performance vehicle customization packages. Callaway Gardens resort, now a National Natural Landmark, was founded by his family. Heady stuff for a young person seeking to carve out their own niche in such a family.

After graduating from Harvard with degrees in Classics and Fine Art, and a stint as a director of an art gallery in Paris, Callaway embarked on a publishing career, eventually responsible for more than seventy Miss Spider titles and other children’s books. His efforts also included producing limited editions of fine art and celebrity biographies; the first of these is a book of photographs by Alfred Stieglitz, published in 1983. In 1987, he followed that up with a book of photographs by Romanian sculptor Constantine Brancusi.

Many other titles followed, many with the common theme of high art, celebrity subjects, luxury photography, collectibles, and museum-scale projects, all with luxurious production standards. Books about Georgia O’Keeffe, a book of Issey Miyake fashion photos by Irving Penn, a picture book of custom-built Ferrington Guitars featuring the bespoke instruments’ celebrity musician owners, among many others.

Outrageous and Collectible

Most famously, or more correctly, infamously, in 1992, Callaway produced the book Sex by Madonna. The book featured many provocative images, some of which bordered on pornographic. The book was highly controversial and, in retrospect, was a significant pop culture event at the height of Madonna’s fame. The art and alternative-lifestyle communities feted the book, while conservative-leaning organizations sought to limit its distribution. Despite the controversy, or more likely because of it, the book sold 150,000 copies on its first day in the United States and topped the New York Times Best Seller list within three weeks. Sex went on to sell more than 1.5 million copies worldwide and to this day remains the best- and fastest-selling book in the coffee-table book category.

The book was a production masterpiece. Madonna was convinced that Warner Books, the publisher, could not produce the book to her standards, so she arranged to transfer the production to Nicholas Callaway’s bespoke production company, Callaway Editions. The company, the predecessor to Callaway Arts & Entertainment, was known for producing beautiful art books. Madonna specified an aluminum cover that was stamped, anodized, die-cut, and spiral-bound. The finished book measures 11” x 14” and is 128 pages in length. Each copy is serial numbered and was originally sealed in a metallic Mylar plastic wrapper. R.R. Donnelley was engaged to print and bind the book, with subcontractors brought in to produce specialty components. The avant-garde design and elaborate packaging resulted in a product that felt more like a prestige collectible media object than a traditional book.

From the outset, the Callaway company specialized in projects that conventional publishers often considered too elaborate, risky, or unconventional. Callaway books were frequently oversized, lavishly produced, heavily illustrated, and physically complex. Many involved unusual materials, intricate bindings, custom packaging, inserts, or extensive photographic reproduction challenges.

Print as Multi-Channel Component

Throughout the 1990s and early 2000s, while much of the publishing industry focused on economies of scale and retail distribution, Callaway increasingly pursued what might be described as event publishing. Rather than releasing large numbers of conventional titles, the company concentrated on fewer, highly differentiated projects tied to art, music, entertainment, or cultural prestige.

After the success of Sex, Callaway produced books that functioned as multimedia cultural experiences rather than conventional publishing products. Callaway repeatedly emphasized that books should stimulate multiple senses simultaneously. He often described publishing in cinematic or theatrical terms, arguing that physical books possessed emotional and tactile qualities impossible to replicate digitally. In interviews, he spoke about paper, binding, scale, texture, typography, and reproduction quality in the language of a designer or filmmaker rather than that of a conventional publisher.

This philosophy eventually led the company into increasingly ambitious multimedia territory. Callaway experimented with hybrid publishing forms: books integrated with music, interactive publishing, children’s entertainment properties, digital applications, and branded intellectual property extensions.

The company’s Miss Spider franchise evolved into television and merchandising properties. Callaway also developed “BoundSound” multimedia publishing concepts that combined physical books with digital and audio experiences. Later, Nicholas Callaway became an early advocate for tablet publishing and interactive book applications after conversations with Apple founder Steve Jobs reportedly encouraged him to explore the iPad ecosystem.

Although the company became associated with lavish printed books, Callaway himself was never anti-digital. Quite the opposite. He understood earlier than many publishers that digital distribution would eventually dominate routine informational content. His response was not to reject digital media but to reposition print toward areas where physicality itself created value.

In effect, Callaway anticipated the modern premiumization strategy now visible across much of the printing industry: bespoke packaging, embellishments, collector-edition books, boutique magazines, premium direct mail, and experiential graphics.

Luxury on Overdrive

As routine printed communication became increasingly disposable or migrated online, Callaway pursued the opposite extreme: printed objects so elaborate, tactile, and permanent that they could function as cultural artifacts. This philosophy reached perhaps its most ambitious expression through Callaway’s Vatican publishing project, The Sistine Chapel trilogy. The project represented an extraordinary combination of technology, art preservation, photographic reproduction, and sumptuous manufacturing.

Produced in collaboration with the Vatican Museums and Italian publisher Scripta Maneant, the trilogy reportedly involved more than 270,000 ultra-high-resolution giga-pixel photographs taken inside the Sistine Chapel after a major restoration effort, while the chapel was closed to the public. The resulting three-volume work reproduced Michelangelo’s frescoes at unprecedented detail and 1:1 scale. Color reproduction is reportedly at 99.4% accuracy.

The books themselves, published in November 2020, are finely produced collectible luxury artifacts. Each of the three books measures 24” x 17” and has a total of 822 pages, including 220 gatefolds measuring 24” x 51”. Each volume weighs 25 pounds and is printed in six-color hexachrome lithography. The signatures were hand-gathered and bound in three-piece Bodoniana (lay-flat) sewn binding in silk with metallic ink. The spines are white calf leather from matched hides and are debossed in silver, gold, and platinum foil stamping. The original price for one of the 600 sets in the limited English-language edition was $22,000. (The current price on Callaway’s website is $35,000 for the set.)

Other monumental projects followed. In 2021, Callaway published The Beatles: Get Back, a 240-page hardcover book featuring transcriptions of over 120 hours of audio from the Beatles’ sessions for their final album, Let It Be. Callaway followed this up in 2023 with the publication of Bob Dylan: Mixing Up the Medicine. This 608-page coffee-table-style book has over 1,100 images and is printed in five colors on uncoated paper. Produced in collaboration with The Bob Dylan Center, the book attempts to capture the breadth and depth of the archives there.

Too Much Luxury

The financial pressure from these recent ultra-premium productions shows in Callaway Arts & Entertainment’s bankruptcy filing. Court documents listed liabilities to the top unsecured creditors of approximately $4.15 million. Amounts owed to major unsecured creditors reportedly included $1.7 million to Hachette Book Group (the distributor for Callaway), $1 million to Scripta Maneant (the Italian co-publisher of The Sistine Chapel), $450,000 to Bob Dylan, and an undisclosed amount to Transcontinental Printing. The creditor list tells a revealing story about the economics of prestige publishing: celebrity intellectual property, museum-scale art production, international printing partnerships, and highly specialized manufacturing.

Callaway’s struggles reveal both the promise and the danger of the premium position that it aspired to and achieved over four decades. It is well established that commodity print faces severe pressure as routine and date-sensitive information continues to migrate online. Commercial printing remains intensely competitive and continues to consolidate. Callaway demonstrates that the opposite end of the market carries its own vulnerabilities.

Luxury print can escape commoditization precisely because it is expensive, specialized, tactile, and culturally significant. Yet those same qualities create financial risk due to investment in preparation and price hurdles for buyers. Long timelines, expensive manufacturing, specialized reproduction, premium and increasingly limited materials, and limited-run luxury positioning appear to have contributed to financial instability for this publisher committed to print as objects for posterity. The paradox is that the more the printed content is a bespoke product, the more inaccessible it may become.

   

	2026 April - Mergers and Acquisitions in the Printing, Packaging, Paper & Related Industries
	Deal Party #1 (Surviving Entity)	Pre-Deal Revenue (US$Mil)	Party #1 Address	Deal Party #2	Pre-Deal Revenue (US$Mil)	Party #2 Address	Date Deal Public	Deal Value (US$Mil)	Deal Structure (Intermediary)	Notes	Press Links
	Labelink	No Data	Anjou, QC	Litho Québec	No Data	Pointe-Claire, QC	4/21/26	No Data	Acquisition	Folding cartons	Link
	Associates International	No Data	Wilmington, DE	Ace Twill (Advised by Graphic Arts Advisors)	No Data	Berkeley Heights, NJ	4/16/26	No Data	Acquisition (Graphic Arts Advisors)	Commercial printing	Link
	International Paper	$24,340	Memphis, TN	North Pacific Paper Company (Port co. One Rock Capital Partners)	No Data	Longview, WA	4/16/26	$360.0	Acquisition	Containerboard mill	Link
	Walker360	$15.0	Montgomery, AL	Sull Graphics	$6.8	Ball Ground, GA	4/15/26	No Data	Acquisition (New Direction)	Commercial printing	Link
	United Business Mail	No Data	Minneapolis, MN	Enru Logistics (Div. LSC Communications)	No Data	Bolingbrook, IL	4/15/26	No Data	Acquisition	Marketing Mail Logistics	Link
	OSP Holdings	$727.3	Osaka, Japan	Global Venture	No Data	Kent, WA	4/14/26	No Data	Acquisition	Seal & label manufacturer	Link
	Venetoulis Institute for Local Journalism	No Data	Baltimore, MD	The Pittsburgh Post-Gazette (Prop. Block Communications)	No Data	Pittsburgh, PA	4/14/26	No Data	Acquisition	Community newspaper	Link
	Allegra Marketing Print Mail	No Data	Clinton, MI	American Speedy Printing	No Data	Shelby, MI	4/13/26	No Data	Acquisition	Printing & copying	Link
	Kornit Digital	$208.2	Rosh-Ha’Ayin, Israel	PrintFactory	No Data	North Brabant, Netherlands	4/13/26	No Data	Acquisition	Print workflow system	Link
	Salem One (Port co. Granite Creek Capital)	$53.1	Winston-Salem, NC	SmashBrand	No Data	Boise, ID	4/9/26	No Data	Acquisition	Packaging design agency	Link
	Welch Packaging Group	No Data	Elkhart, IN	Jamel Containers	No Data	Chattanooga, TN	4/9/26	No Data	Acquisition	Corrugated boxes	Link
	OnTheGoMedia	No Data	Hampton, IA	Hampton Chronicle (Prop. Mid-America Publishing)	No Data	Hampton, IA	4/4/26	No Data	Acquisition	Community newspaper	Link
	TRG (The Royal Group)	No Data	Cicero, IL	Chillicothe Packaging	No Data	Chillicothe, OH	4/2/26	No Data	Acquisition	Corrugated boxes	Link
	Grand Junction Media (Sub. Seaton Publishing)	No Data	Grand Junction, CO	Colorado Newspaper Group (Prop. Wick Communications)	No Data	Montrose, CO	4/1/26	No Data	Acquisition (Dirks, Van Essen)	Community newspapers	Link
	Burke Group	No Data	Edmonton, AB	Houghton Boston	No Data	Saskatoon, SK	4/1/26	No Data	Acquisition	Commercial printing	Link

   

     

	2026 April - Bankruptcy Filings in the Printing, Packaging, Paper & Related Industries
	Filing Party	Date Case Filed	Pre-Petition Revenue (US$Mil)	Case #	Filing Party Address	Circuit	Region & City	Judge	Attorney for Debtor	Notes
	Chapter 11 Filings:
	Signmakers Custom Signage & Fabrication LLC	4/2/26	No Data	26-13217	Los Angeles, CA	9th	Central CA Los Angeles	Deborah J. Saltzman	Michael R. Totaro	Signs & wide-format printing
	Chapter 7 Filings:
	Fullerton Digital Print & Display Inc.	4/28/26	No Data	26-11310	Anaheim, CA	9th	Central CA Santa Ana	Scott C. Clarkson	Ethan Chin	Wide-format printing

      

	2026 April - Non-Bankruptcy Closures in the Printing, Packaging, Paper & Related Industries
	Closed Company / Facility	Date of Closure	Pre-Closure Revenue (US$Mil)	Closing Address	Related Party	Related Party Address	Date Closure Public	Notes	Press Links
	Rocket Printing (FKA Taylor Printing)	4/20/26	No Data	Fredericton, NB	None	N/A	Apr-26	Commercial printing	Link
	Nutis Visual Communications Group	5/6/26	No Data	Columbus, OH	None	N/A	Apr-26	Retail display & commercial printing	Link
	Manroland - Manufacturing plant	Jun-26	No Data	Offenbach, Germany	Langley Holdings	Nottinghamshire, UK	4/23/26	Sheetfed press manufacturing	Link
	Kendall Press	4/9/26	No Data	Chelsea, MA	None	N/A	4/9/26	Commercial printing	Link

What in the World is Schutzschirmverfahren? – March 2026 M&A Activity

Schutzschirmverfahren (shu̇ts-ˌshir-m fər-ˈfä-rən): a German word literally translated as “Protective Shield Proceedings,” but in practical terms, it is the German equivalent of a self-administered, court-supervised proceeding under Chapter 11 of the US Bankruptcy Code.

Exit, Consolidate, or Invest

Despite the recent spate of numerous plant closures and total plant auctions, we do not see evidence of widespread company failures in the printing industry. Rather, recent transactional activity suggests something more structural at work. The industry is not collapsing; it continues to be sorted out by market forces as the demand for printed products changes.

Three distinct pathways are emerging: excess capacity is being wrung out of the system via company and plant closures, often outside formal restructuring processes; core mature print markets are continuously consolidating through many, sometimes small, local transactions; and capital continues to flow toward the growth segments, in particular packaging and digital print technologies, albeit at a much slower pace than in previous years. Together, these dynamics are reshaping the printing and packaging industry from the inside out.

Wrung Out - Manroland Sheetfed Files Bankruptcy

One of the most highly respected manufacturers of printing equipment, Manroland Sheetfed, entered into bankruptcy proceedings in Germany under that country’s Insolvency Code, which provides the option for management to retain control of the company while restructuring, rather than being replaced by a court-appointed administrator.

The Manroland press line traces its origin back to 1844 in Augsburg, Germany, and has been associated with many innovations throughout its long history. The company initially focused on producing steam engines, but within a couple of decades had expanded into manufacturing printing presses. In 1875, the company introduced the Albatross Press, which produced up to 700 sheets per hour, a very productive rate for a sheetfed press (“Albatross” clearly had a different, more positive connotation at the time). The company came into its own in 1911 with the introduction of its first sheetfed offset press. Another milestone was achieved in 1951 when the company introduced the 4-color sheetfed Ultra press at Drupa, revolutionary at the time for its “planetary cylinder” design, which enabled full-color printing in one pass through the press.

The company progressed over the following decades with a convoluted series of mergers. The 1979 merger with the MAN Group brought web press production into the company. To gain entry into the US market, the company marketed its presses under the brand name Miele-Roland, piggybacking on the reputation of Miele presses.

Manroland, with both sheetfed and web press manufacturing under its belt, churned through several ownership structures: corporate enterprise, foreign, and private equity. Following its first insolvency filing in 2012, the company emerged from that restructuring as two separate entities, Manroland Sheetfed, embracing sheetfed technology, under the umbrella of UK-based Langley Holdings. The legacy web press business was purchased by Possehl Group, a German industrial conglomerate, eventually merging it with Goss International to form Manroland Goss. (See The Target Report: Press Onward! - March 2018).

We may be seeing the end of the sheetfed branch of the Manroland family of printing presses. The CEO of Langley Holdings was quoted in the company’s review as saying, “The situation at Manroland Sheetfed is unsustainable.” The company’s restructuring expert noted that they “will have to implement drastic and far-reaching measures” and that it “is regrettable that a great many jobs will be lost.” Over the past couple of decades, much of the packaging market has shifted to Koenig & Bauer (KBA) for its very-large-format offset presses. Komori has made significant inroads into the commercial market for high-speed automated offset presses. Heidelberg has held its ground in both the commercial and packaging markets. Given these market trends, we will not be surprised if Manroland Sheetfed exits the manufacture of printing presses and is consigned to simply servicing its legacy of installed machines.

Consolidation as the Default Path

The most visible activity in March was the steady cadence of small and mid-sized acquisitions across commercial printing. These were not transformative platform deals or private equity-backed roll-ups. Instead, they were overwhelmingly local, strategic tuck-ins, transactions driven by geography, customer overlap, and operational efficiency.

BP Print Group’s acquisition of PrintFast Marketing Solutions in New Jersey, Andrick & Associates’ tuck-in of Target Graphics in Florida, and PackEdge’s purchase of Keno Graphics in Connecticut, all follow a similar pattern: buyers and sellers operating in the same regional markets, combining to improve utilization and retain customer relationships. At the lower end of the market, consolidation via tuck-in transactions provides owners with a graceful exit path as the commercial printing industry volume slowly declines.

Franchise and network operators continue to play an important role in this consolidation dynamic. The Minuteman Press in Kalamazoo, Michigan, acquired local company JB Printing. In Iowa, the North Liberty franchise purchased Goodfellow Printing. The Allegra Marketing Print Mail franchise in Baltimore expanded its footprint by acquiring the Image360 franchise location in downtown Baltimore. These transactions demonstrate how franchise organizations now act as aggregation vehicles for many smaller, independent printers. The franchisors’ model: local ownership combined with broader branding and operational support, positions the franchise systems to absorb sub-scale competitors and attract entrepreneurial entrants into the printing industry.

Notably absent from the month’s activity were large-scale commercial print platform acquisitions. There were no multi-state roll-ups and no significant private equity entries into traditional print. The lack of headline transactions suggests that growth expectations are not driving consolidation, but rather that consolidation is occurring by necessity. For many operators, acquisition is less about expansion and more about survival: adding volume, improving equipment utilization, and maintaining relevance in increasingly competitive local markets while at the same time removing a competitor from the playing field. In the current market, consolidation is happening at the edges, not on a large scale, at least not yet.

Investment Flows Toward Packaging and Technology

In contrast to the fragmented and largely local nature of commercial print M&A, capital deployment in packaging and enabling technologies continues to occur at scale and with strategic intent. Altamont Capital Partners’ investment in Key Container Corporation reflects ongoing private equity interest in corrugated packaging, despite reports that demand for corrugated boxes has declined following a systemic reset after the post-Covid period, as well as online retailers shifting to paper bags and envelopes as more cost-effective carriers.

Similarly, CCL Industries’ $113 million (USD) acquisition of Sleever International underscores the strategic, long-term value of packaging companies, in this case, shrink-sleeve production. Consistent with the deal discipline that CCL has shown in the past, the multiple paid was 6.4x adjusted EBITDA. (See The Target Report: CCL Industries Breaks the Rules – January 2022). This multiple is not only a sign of CCL’s approach but moreover is indicative of the cooling off of the red-hot market for packaging companies, even allowing that shrink sleeves were not as hot as labels and flexible packaging. Even more striking among the deal metrics revealed was that net tangible assets are expected to represent 90% of the purchase price, leaving just 10% to be allocated to goodwill.

An Industry Being Sorted

Taken together, the March data does not portray an industry in crisis, nor is it indicative of a booming business for print and packaging companies. It describes an industry being sorted. Three pathways are becoming increasingly distinct. As is the case with many of the closures noted in our deal log, and as may be the case with Manroland Sheetfed, when the headwinds are too strong, some fold up their tent and close up shop. Consolidation is reshaping core print markets as local operators combine to remain viable, with the survivors absorbing work from exiting companies. And finally, investment is still flowing into packaging, labels, and digital print technologies, the industry segments aligned with growth, and attracting capital.

   

	2026 March - Mergers and Acquisitions in the Printing, Packaging, Paper & Related Industries
	Deal Party #1 (Surviving Entity)	Pre-Deal Revenue (US$Mil)	Party #1 Address	Deal Party #2	Pre-Deal Revenue (US$Mil)	Party #2 Address	Date Deal Public	Deal Value (US$Mil)	Deal Structure (Intermediary)	Notes	Press Links
	BP Print Group	No Data	Lakewood, NJ	PrintFast Marketing Solutions	No Data	Middlesex, NJ	3/31/26	No Data	Acquisition (Graphic Arts Advisors)	Commercial print & marketing	Link
	Paxton Media Group	No Data	Paducah, KY	The Franklin Press (+8 titles) (Prop. Community Newspapers)	No Data	Athens, GA	3/31/26	No Data	Acquisition (Dirks, Van Essen)	Community newspapers	Link
	Allegra Marketing Print Mail	No Data	Baltimore, MD	Image360 Baltimore Downtown	No Data	Baltimore, MD	3/31/26	No Data	Acquisition	Wide-format & signage	Link
	Andrick & Associates	No Data	Sarasota, FL	Target Graphics	No Data	Sarasota, FL	3/30/26	No Data	Acquisition	Commercial printing	Link
	PackEdge	No Data	Hamden, CT	Keno Graphics	No Data	Shelton, CT	3/26/26	No Data	Acquisition	Commercial printing	Link
	Minuteman Press Kalamazoo	No Data	Kalamazoo, MI	JB Printing	No Data	Kalamazoo, MI	3/25/26	No Data	Acquisition	Printing & copying	Link
	Graphco Mngt Team	No Data	Cleveland, OH	Graphco	No Data	Cleveland, OH	3/24/26	No Data	Acquisition	Equipment distributor	Link
	Michigan Independent Media Group	No Data	Grand Rapids, MI	Tri-City Times	No Data	Imlay, MI	3/23/26	No Data	Acquisition	Community newspaper	Link
	Continuum (Div. CJK Group)	No Data	Brainerd, MN	Teldon	No Data	Richmond, BC	3/23/26	No Data	Acquisition	Specialty printed products	Link
	CCL Industries	$7,660	Toronto, ON	Sleever International	$158.7	Paris, France	3/13/26	$112.5	Acquisition	Shrink sleeve labels	Link
	Brand Boost Prints	No Data	Spokane Valley, WA	Lithograph Reproductions	No Data	Spokane Valley, WA	3/12/26	No Data	Acquisition	Commercial printing	Link
	Global Printing and Packaging	No Data	Marlborough, MA	Rocketbook	No Data	Lee, MA	3/10/26	No Data	Acquisition	Notebooks	Link
	AlphaGraphics North Liberty	No Data	North Liberty, IA	Goodfellow Printing	No Data	Iowa City, IA	3/9/26	No Data	Acquisition	Printing & copying	Link
	Altamont Capital Partners	No Data	Palo Alto, CA	Key Container	No Data	Pawtucket, RI	3/9/26	No Data	Acquisition	Corrugated boxes & displays	Link
	Pillsman Partners & Peninsula Partners	No Data	Greenwich, CT Detroit, MI	Printware	No Data	Eagan, MN	3/3/26	No Data	Acquisition	Inkjet presses	Link

   

	2026 March - Bankruptcy Filings in the Printing, Packaging, Paper & Related Industries
	Filing Party	Date Case Filed	Pre-Petition Revenue (US$Mil)	Case #	Filing Party Address	Circuit	Region & City	Judge	Attorney for Debtor	Notes
	Chapter 11 Filings:
	More Than A Printer Inc.	3/13/26	No Data	26-30664	Louisville, KY		Western KY Louisville	Joan A. Lloyd	Michael W. McClain	Commercial printing
	Chapter 7 Filings:
	No Chapter 7 Filings Found this Month	---	---	---	---	---	---	---	---	---
	Germany Insolvency Proceeding:
	Manroland - Sheetfed Division (Sub. Langley Holdings)	3/3/26	$300.0	N/A	Offenbach am Main, Germany	N/A	N/A	N/A	N/A	Printing press manufacturing

   

	2026 March - Non-Bankruptcy Closures in the Printing, Packaging, Paper & Related Industries
	Closed Company / Facility	Date of Closure	Pre-Closure Revenue (US$Mil)	Closing Address	Related Party	Related Party Address	Date Closure Public	Notes	Press Links
	Ace Lithographers of Morris County (dba Ace Twill)	4/30/26	No Data	Berkeley Heights, NJ	None	N/A	Mar-26	Commercial printing (Merger with Associates International)	Link
	BR Printers - Book printing plant	6/26/26	No Data	Cincinnati, OH	BR Printers	San Jose, CA	3/27/26	Book printing & manufacturing	Link
	King Printing	3/15/26	No Data	New Tazewell, TN	None	N/A	3/27/26	Commercial printing	Link
	QC Direct Mail	2/28/26	No Data	Marietta, GA	None	N/A	3/9/26	Mailing services & digital printing	Email Notice
	Lifetouch - Printing facility (Div. Shutterfly)	10/30/26	No Data	Galion, OH	Lifetouch	Redwood City, CA	3/5/26	Photobooks and specialty products.	Link
	Star Litho	4/30/26	No Data	Weymouth, MA	None	N/A	3/5/26	Commercial printing	Link