What is an Image Worth? – October 2026 M&A Activity

For the first fourteen years of researching, writing, and publishing The Target Report, we relied on stock photography to illustrate our monthly commentary. We would search through stock photo and image libraries, seeking an image that illustrated the central theme of that month's article. Sometimes we found exactly what we wanted. More often, we settled for something that came close or needed some additional retouching to make it work.

We purchased images as needed, paid the licensing fees, and incorporated the selected image into the monthly report and the cover of The Target Report Annual Review. Then along came generative artificial intelligence.

When writing the November 2025 The Target Report: New Consolidator Emerges, I imagined two Jenga block stacks, one solidly constructed, standing next to another tower that was wobbly and apparently ready to fall. The article compared two consolidators: one thoughtfully built over many years and another assembled willy-nilly over a short time with no apparent overarching strategy and which had just tumbled down in litigation and bankruptcy filings. I knew what I wanted but could not find a stock image that I could clearly see in my mind’s eye. I turned to ChatGPT, new to me at the time, and after several tries, I had exactly the image that I wanted.

I discovered that I could describe the concept I wanted to illustrate and have an image created specifically for the purpose. It was no longer necessary to search through existing image libraries, adjust our editorial vision to fit what was available, or pay a separate licensing fee for each image. Every image we have used since then has been generated by AI.

Our experience raises a question for companies such as Getty Images: what happens when customers can create the images they once paid to license?

Getty Images Changes the Business of Images

The company traces its origins to 1995, when Mark Getty and Jonathan Klein set out to build a business that would consolidate photographic collections and make imagery more readily available to customers worldwide. The timing was insightful and fortuitous. Photography was transitioning from an analog business, dependent on physical images, transparencies, and complicated distribution channels, to an increasingly digital business in which images could be searched, purchased, and delivered electronically.

Backed by the immense fortune of the Getty oil family, they set out to aggregate the image business by purchasing existing image libraries instead of slowly building from scratch. They recognized the impact that the internet would have on the image business, both in searches and distribution, and began digitizing images to create a centralized, searchable digital library.

Getty grew through acquisitions of photographic archives and competing agencies, assembling a vast library of creative, editorial, historical, sports, and entertainment imagery. Its customers included advertising agencies, publishers, newspapers, graphic designers, and businesses that needed visual content but lacked the resources or inclination to create every image themselves. Getty helped solve a genuine problem. It made it easier for customers to find and license images, and for photographers and archive owners to earn money from them.

The company also established a significant presence in editorial photography. Getty became an ancillary revenue source for the struggling newspaper industry, which produced many of the most meaningful photos in the library. As recently as this past October, Getty announced an agreement to distribute photographs and videos produced by the local newsrooms of Lee Enterprises, whose network encompasses 193 owned and managed media brands across 28 states.

Getty Images went public in 1996, was taken private in 2008, acquired in a secondary PE buyout in 2012, returned to the Getty family’s control in a 2018 buyout, and returned to public ownership in 2022 through a SPAC transaction that valued the business at $4.8 billion, including debt. The company generated approximately $978 million in trailing twelve-month revenue through June 2026; however, this substantial revenue was not enough to overcome its financial obligations.

Getty Images Seeks Bankruptcy Protection

Getty Images filed for Chapter 11 bankruptcy protection on October 21, 2026, entering a prepackaged financial restructuring intended to reduce its debt and return the company to private ownership.

In its bankruptcy disclosure, Getty attributed its financial distress principally to judgments and interest exceeding $200 million arising from disputes with warrant holders associated with its public listing, the collapse of its proposed merger with Shutterstock, and approximately $239 million in annual debt service. At the time of filing, the company had approximately $1.46 billion in funded debt. The bankruptcy was intended to restructure those obligations while the business continued operating.

By early October, Getty Images’ equity market capitalization had fallen to approximately $21 million, and its shares had lost about 99% of their value since the company returned to public ownership in 2022. Under the proposed restructuring, existing shares would be canceled, leaving shareholders with no recovery on those shares.

The proposed restructuring of Getty Images would transfer full ownership of the company to Getty family affiliates and Koch Equity Development upon the investment of up to $533 million. Both the Getty and Koch groups held substantial equity and debt positions. They used their stakes to control the process, orchestrate the new equity infusion, and convert debt to new equity. In addition, Koch Equity Development provided the interim financing to see the company through the bankruptcy process.

Alongside the financial pressures, generative AI presented both a competitive threat and a new market for the stock-image companies. Both Getty Images and its main competitor, Shutterstock, had immediately recognized that their collections had value as training material for AI systems. Shutterstock licensed content to developers including OpenAI and Meta.

Getty also pursued AI licensing and partnerships, while taking legal action over what it viewed as unauthorized use of its photographs, most notably against Stability AI, the company behind the Stable Diffusion image generator, a groundbreaking text-to-image model. Getty lost the key UK claim against Stability AI in November 2025, while the US case is still pending in California. Litigation costs piled on top of the other problems.

For Getty, an AI developer could be a paying customer or a defendant, depending on whether it had obtained permission to use the company’s images. Asset protection and data monetization were therefore not competing business models, but complementary efforts to get paid for the use of its collections. Yet both Getty and Shutterstock faced an uncomfortable question: could the revenue earned by supplying images to train AI systems compensate for the traditional image-licensing business those systems might eventually replace? They were finding new customers, but those customers were building tools that likely will reduce the need for their original product.

From Searching to Creating

For decades, obtaining a photograph or illustration generally required someone to create it first. An AI image generator approaches the task differently. In simplified terms, during training, it learns mathematical patterns from images and the words used to describe them. From many photographs of dogs, for example, it develops a mathematical representation of what a dog looks like—its shape, fur, ears, and possible poses. Ask for a golden retriever sitting beside a mountain lake at sunset, and the system can draw on those learned patterns to generate an image that fits the request. The customer is no longer limited to finding a photograph of a particular dog in a particular setting. Instead, the system can create a scene that no photographer ever captured.

That doesn't mean conventional photography is disappearing. There is an enormous difference between generating an imaginary scene and documenting an actual event. Editorial photography, historical archives, and authentic coverage of news and sporting events retain value precisely because the images depict something that actually happened.

The Image Business Changes

In its 2025 annual report, Getty Images noted under risk factors that “as these technologies become more accessible and capable, customers may opt for AI-generated content that bypasses traditional licensing models, impacting our revenue and market position.”

For some users, an image that is “good enough” at a lower cost may be sufficient. For others, including The Target Report, the greater attraction is control: the ability to create an image that fits the assignment rather than adapt the assignment to an available image.

For those of us old enough, we can recall when the Mac computer entered the printing industry and produced low-res typography that soon was “good enough” for most work. Critically, the Mac gave graphic designers more control over the process; quality improved, the cost advantage was compelling, and digital design programs eventually virtually eliminated the phototypesetting business.

AI Creates a Shift, Not a Demise

It would be a mistake to attribute Getty’s bankruptcy entirely to the rise of AI-generated images; however, the influence of AI was real and acknowledged by the company. AI will continue to shape how images are valued, sold, and used.

Getty's own recent results reflect the distinction. During the first six months of 2026, its creative imagery revenue declined, while editorial imagery revenue increased. Artificial intelligence is not the only factor affecting those results, but the competitive implications are apparent and likely to intensify.

Our decision to stop purchasing stock images for The Target Report was not based on cost and certainly not to save time. Developing an image that tells the story we want often takes longer than choosing a stock image. We simply found using an AI-generating tool to be a more effective way to accomplish what we wanted.

The question for stock-image companies is how many other customers are making the same choice. We still need an image that tells the story. The difference is that we can now create the image we have in mind, rather than settle for one we can find.

   

	2026 October - 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
	Outlook Group (Port co. Aterian Investment Partners)	No Data	Neenah, WI	Flexible Packaging Operations (Div ABX - Innovative Packaging)	No Data	Pewaukee, WI	10/27/26	No Data	Carve-Out	Flexible packaging & films	Link
	MediaNews Group (Port co. Alden Global Capital)	No Data	Denver, CO	The Chronicle-Telegram (+ 1 title)	No Data	Elyria, OH	10/21/26	No Data	Acquisition (Cribb & Associates)	Community newspapers	Link
	Hivest Capital Partners	No Data	Paris, France	Sustana (né Rolland Paper) (Port co. Blackstone Tactical)	No Data	De Pere, WI	10/19/26	No Data	Acquisition	Recycled paper manufacturing	Link
	Distribution Management	No Data	St. Charles, MO	National / AZON	No Data	Troy, MI	10/19/26	No Data	Acquisition	Wide-format & repro supplies	Link
	Lindenmeyr Munroe (Div. Central National Gottesman)	$8,000	Purchase, NY	Omaha Paper Company	No Data	Omaha, NE	10/19/26	No Data	Acquisition	Paper distribution	Link
	Private Investor	No Data	New Castle, DE	RCI Printing & Graphics	No Data	New Castle, DE	10/19/26	No Data	Acquisition	Reprographics & Wide-format	Link
	Q360 Group (Port co. Align Collaborate)	No Data	Egg Harbor, NJ	The Flexo Factor	No Data	Monroe, NC	10/15/26	No Data	Acquisition	Flexo supplies & equipment	Link
	Quality Packaging	No Data	Fond du Lac, WI	Wisconsin Green	No Data	West Bend WI	10/8/26	No Data	Acquisition	Corrugated boxes & displays	Link
	Alcom Printing Group	$26.5	Harleysville, PA	PDQ Print Center	No Data	Taylor, PA	10/8/26	No Data	Acquisition (Graphic Arts Advisors)	Commercial printing	Link
	Higgins Media Group	No Data	Beaufort, SC	The Island News (Prop of Island News Publishing)	No Data	Beaufort, SC	10/8/26	No Data	Acquisition	Community newspapers	Link
	Kirkwood	$80.0	Wilmington, MA	Cadwell Design + Sign	No Data	Holliston, MA	10/6/26	No Data	Acquisition	Signs & architectural graphics	Link
	Allegra Marketing Print Mail (New Franchisee)	No Data	Milton, ON	Allegra Marketing Print Mail	No Data	Milton, ON	10/5/26	No Data	Acquisition	Printing & copying	Link
	Allegra Marketing Print Mail	No Data	Providence, RI	Litgistics	No Data	Providence, RI	10/5/26	No Data	Acquisition	Litigation support services	Link
	Think Ink	No Data	Gaithersburg, MD	Kirk-Rudy	No Data	Woodstock, GA	10/2/26	No Data	Acquisition	Mailing equipment	Link
	Possehl Group	No Data	Lübeck, Germany	manroland Goss Web Systems (Port co. American Ind. Partners)	No Data	Augsburg, Germany	10/1/26	No Data	Buyout of Minority	Web offset printing presses	Link
	Intertape Polymer Group (Port co. Clearlake Capital)	No Data	Sarasota, FL	Clysar (Port co. Cove Point Holdings)	No Data	Clinton, IA	10/1/26	No Data	Acquisition	Flexible packaging films	Link
	SupplyOne (Port co. Revelar Capital)	No Data	Newtown Square, PA	Packaging Design	No Data	Burr Ridge, IL	10/1/26	No Data	Acquisition	Corrugated boxes & displays	Link
	Panther Premier Print (Div. Midstates Group)	No Data	Sioux-Falls, IA	Maximum Promotions	No Data	Sioux-Falls, IA	10/1/26	No Data	Acquisition	Flags & wide-format printing	Link

   

	2026 October - 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:
	Getty Images Holdings, Inc.	10/21/26	$978.0	26-11643	Seattle, WA	3rd	Delaware Wilmington	J. Kate Stickles	Justin R. Alberto	Stock photography & digital images
	Chapter 7 Filings:
	Printing Research, Inc.	10/26/26	No Data	26-34902	Dallas, TX	5th	Northern TX Dallas	Michelle V. Larson	John Mark Chevallier	Offset press anti-marking products

   

	2026 October - 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
	Baugh	11/10/26	No Data	Indianapolis, IN	None	N/A	Oct-26	Bindery & finishing services	Link
	TC Transcontinental - Printing facility	Jan-27	No Data	Owen Sound, ON	TC Transcontinental	Montreal, QC	10/14/26	Publication & catalog printing	Link
	Pixelle - Paper coating plant	Dec-26	No Data	Fremont, OH	Pixelle Specialty Solutions (Port co. H.I.G. Capital)	Spring Grove, PA	10/2/26	Carbonless paper coating operations	Link
	PCA - Corrugated box converting plant	Dec-26	No Data	Middletown, OH	Packaging Corporation of America (PCA)	Lake Forest, IL	10/1/26	Corrugated sheet & box production	Link

Confluence versus Convergence – September 2026 M&A Activity

Historically, wide-format printing expanded outward from relatively straightforward signs, banners, and point-of-purchase graphics. Then several adjacent streams began flowing together: display graphics, trade-show exhibits, environmental graphics, retail décor, architectural signage, dimensional fabrication, branded interiors, installation, and, increasingly, management of the entire physical customer, employee, and visitor experience.

The printing industry has been described as undergoing convergence for the past decade or so. For example, commercial offset printing companies have been adding wide-format printing, mailing, promotional items, and other services that create a “one-stop shop” experience for customers that require a full suite of marketing production services.

In the segment of the printing industry that utilizes digital wide-format technologies, we observe a different trend: the confluence of previously distinct service disciplines, each serving different end purposes, coming together to create something larger, all with digital wide-format printing technologies at their core.

Duggal Acquires Design to Print

Among the more significant September transactions was Duggal Visual Solutions’ acquisition of Design to Print*, with operations in St. George, Utah, and Las Vegas, Nevada. Design to Print (DTP) had evolved well beyond the conventional definition of a wide-format printer. DTP's work includes trade shows, exhibits, retail programs, and experiential environments, supported by capabilities such as proprietary SEG systems, structural fabrication, project management, installation, and de-installation. The company still puts ink on substrates, lots of it, but describing Design to Print simply as a printer misses much of what its customers are actually buying. The printed piece is often only one component of a much broader deliverable: the ability to create, transform, and execute a physical space while managing the fabrication, logistics, installation, and immovable deadlines that frequently accompany complex event and experiential work.

Duggal likewise operates well beyond the traditional definition of a printing company. Its capabilities span large-format and commercial print, fabrication, digital signage, experiential displays, creative services and installation, with the ability to manage large-scale programs and rollouts. The combination therefore brings together two companies that have moved substantially upstream and downstream from the central production process.

Design to Print adds complementary capabilities, people, customer relationships and specialized expertise, while extending Duggal’s geographic reach through the acquired western operations. The strategic rationale involves substantially more than adding printing capacity or another book of business. In a mature print market, the ability to design, fabricate, manage and execute increasingly complex visual environments represents a capability that can be far more difficult to replicate than simply purchasing another piece of equipment.

Architectural Graphics Move Toward Center Stage

Three other September transactions, acquisitions of architectural graphics companies, further illustrate the confluence theme.

Visual Graphic Systems, headquartered in Carlstadt, New Jersey, acquired Nashville-based ImageLife. VGS described the transaction as expanding its architectural-signage capabilities, manufacturing capacity, and regional service platform while establishing its first manufacturing and operational presence in the Southeast.

Creative Sign Designs, based in Tampa, Florida, acquired Rite Lite Signs in Concord, North Carolina. Rite Lite is a full-service architectural sign manufacturer with design, fabrication, and installation capabilities. Creative Sign Designs specifically cited expanded manufacturing capacity and broader geographic reach throughout the Southeast as benefits of the combination.

ColorLab in Greenville, South Carolina, also changed ownership during September through a management-led transaction in which a longtime executive leading the graphics business acquired it from 3D software company TPM in a carve-out transaction. The company operates in the wide-format and architectural graphics arena, focusing on bringing informational and decorative graphics into corporate, educational, and faith-based interior environments.


From Wide Format to the Experience

“Wide-format” was originally a useful description of the business segment because the technology itself differentiated these companies. The ability to digitally produce large graphics on an increasing variety of substrates opened markets that conventional commercial printers could not easily serve.

Over time, however, wide-format equipment became more widely available. Technology improved, costs came down, and the capability itself became less differentiating.

As far back as 2018, we were noting that the wide-format segment was maturing, competition and margin pressure were increasing, and differentiation was becoming more important. Companies with specialized expertise in event graphics, complex installations, and management of the entire process stood apart from companies that primarily sold just printed output.

In January 2025, we explored the transition occurring in the wide-format business as the Riverside Company acquired Vomela. (For more see: The Target Report: Print Everything Everywhere All at One Place – January 2025.) It was a hot market for wide-format business owners. The next month, Moss acquired another UK-based company that produced wide-format graphics for experiential spaces. We traced Moss’s evolution from a pop-up tent company to a global provider of what it calls “immersive branded environments.” (For more see: The Target Report: Think Outside the Rectilinear – February 2025.)

The following month, we explored the next stage of that evolution as Wasserman acquired bluemedia and Impact XM acquired Touch Associates. The increasingly complex nature of these companies, built through acquisitions, clearly indicated that event graphics had moved well beyond simply producing banners and signs. What emerged in these cases were hybrid companies: combining visual communications, audio elements, logistics, experience design, and brand execution. (For more see: The Target Report: Experiential Graphics Under the Lights – March 2025.)

Confluence

As production technology becomes more accessible, differentiation, and therefore corporate value, increasingly depends on capabilities that are harder to duplicate: design expertise, project management, engineering, fabrication, installation networks, logistics, specialized market knowledge, recurring customer programs and the institutional experience required to execute complicated projects correctly and on time.

Plain-vanilla wide-format capacity has matured. At the same time, specialized providers that profitably combine printing with fabrication, installation, architectural signage, experiential execution, and other difficult-to-replicate services continue to attract buyers.

Market leaders in wide-format printing have added adjunctive services that solve customer problems in unique and distinct ways, rather than simply adding services in an elusive search to be one-stop shops. September’s transactions suggest that the evolution of wide-format printing continues, or perhaps more accurately, the confluence continues.

* Graphic Arts Advisors, publisher of The Target Report, served as exclusive advisor to Design to Print in this transaction, leading the selective buyer engagement and sale process.

   

	2026 September - 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
	Lee Enterprises	$517.0	Davenport, IA	Great Falls Tribune (+ 3 titles) (Prop. USA Today)	No Data	Great Falls, MT	9/29/26	No Data	Acquisition	Community newspapers	Link
	South Texas News	No Data	Beeville, TX	Hood County News (+magazines) (Prop. Hyde Media Group)	No Data	Granbury, TX	9/28/26	No Data	Acquisition (Dirks, Van Essen & April)	Community newspapers	Link
	Adherex Group (Port co. Akoya Capital)	No Data	Cleveland, OH	Polymer Packaging	No Data	North Canton, OH	9/28/26	No Data	Acquisition	Flexible packaging & bags	Link
	Electronics for Imaging (EFI) (Port Co. Siris Capital Group)	No Data	Foster City, CA	Agfa Digital Printing Solutions (Div. Agfa-Gevaert)	$219.8	Mortsel, Belgium	9/28/26	No Data	Joint Venture	Digital printing equipment	Link
	Duggal Visual Solutions (Port co. Cortec Group)	$173.0	New York, NY	Design to Print	No Data	St. George, UT	9/22/26	No Data	Acquisition (Graphic Arts Advisors)	Trade show & event graphics	Link
	Media One (Port co. American Pacific Group)	No Data	Garden Grove, CA	Premex Solutions (US business of Premier Textiles)	No Data	Marietta, GA	9/21/26	No Data	Acquisition	Digital printing textiles	Link
	Dollco Print Solutions	No Data	Ottawa, ON	Mitchell Press	$12.2	Burnaby, BC	9/17/26	Royalty	Asset Acquisition (CN insolvency sale)	Publication printing	Link
	Pace Prints	No Data	New York, NY	Brand X Editions	No Data	Long Island City, NY	9/17/26	No Data	Acquisition	Fine art screenprinting	Link
	Creative Sign Designs	No Data	Tampa, FL	Rite Lite Signs	No Data	Concord, NC	9/15/26	No Data	Acquisition	Signs & architectural graphics	Link
	Durst Group	$500.5	Brixen, Italy	MPS Printing	No Data	Arnhem, The Netherlands	9/15/26	No Data	Acquisition	Flexographic hybrid presses	Link
	SratoJet USA	No Data	Ontario, CA	Kala Finishing Systems (North American Operations)	No Data	Forth Worth, TX	9/15/26	No Data	Acquisition	Wide-format finish equipment	Link
	Allyant (Port co. Thompson Street Capital)	No Data	Ottawa, ON	Braille Works	No Data	Seffner, FL	9/14/26	No Data	Acquisition (Hyde Park Capital)	Specialty ADA documents	Link
	JBC Technologies	No Data	North Ridgeville, OH	NADCO Tapes & Labels	No Data	Sarasota, FL	9/9/26	No Data	Acquisition	Label & tape printing	Link
	Visual Graphic Systems	No Data	Carlstadt, NJ	ImageLife	No Data	Nashville, TN	9/8/26	No Data	Acquisition (DAK Group)	Signage & wide-format	Link
	National Trust for Local News	No Data	Englewood, CO	Vermont Community Newspaper Group	No Data	Stowe, VT	9/3/26	No Data	Acquisition	Community newspapers	Link
	Veterans Print Mngt Team	No Data	Woodridge, IL	Phoenix-Veterans (Div. Phoenix Group)	No Data	Woodbridge, IL	9/3/26	No Data	Mngt. Buyout	Commercial printing	Link
	ColorLab Mngt. Team	No Data	Greenville, SC	ColorLab (Div. TPM)	No Data	Greenville, SC	9/1/26	No Data	Mngt. Spinoff	Wide-format & architectural	Link
	Minuteman Press (New Franchisee)	No Data	Mountlake Terrace, WA	Printing Plus	No Data	Mountlake Terrace, WA	9/1/26	No Data	Acquisition	Printing & copying	Link

   

	2026 September - 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:
	Printing Concepts II Inc.	9/18/26	No Data	26-10492	Erie, PA	3rd	Western PA Erie	John C. Melaragno	Christopher M. Frye	Commercial printing
	Pacific Media Holdings, Inc. dba Nonstop Printing	9/15/26	No Data	26-04015	Vista, CA	9th	Southern CA San Diego	J. Barrett Marum	Donald W. Reid	Commercial printing
	Chapter 7 Filings:
	Premier Graphics & Communication Inc. dba Premier Copy	9/2/26	No Data	26-61881	Duluth, GA	11th	Northern GA Atlanta	Paul W. Bonapfel	William A. Rountree	Commercial printing

   

	2026 September - 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
	Heartland Label - Label manufacturing	Dec-26	No Data	Rancho Cucamonga, CA	Iconex (Div. M2S Group) (Port co. Wynnchurch Capital)	Morristown, TN	9/29/26	Consolidation into Las Vegas plant	Link
	McKinley Paper - Packaging facility	11/30/26	No Data	Cerritos, CA	McKinley Paper & Packaging (Div. Bio Pappel)	Dallas, TX	9/28/26	Corrugated boxes & retail display	Link
	GFR Media - Printing facility	9/27/26	No Data	Guaynabo, PR	Grupo Ferré Rangel	San Juan, PR	9/21/26	Newspaper printing operations	Link
	Greif - Sweetwater Mill	Dec-26	No Data	Austell, GA	Greif	Delaware, OH	9/17/26	Coated recycled paperboard mill	Link
	Continental Web Press - Printing facility	11/20/26	No Data	Itasca, IL	None	N/A	9/16/26	Publication & commercial printing	Link