PREP FOOTBALL SCORING UPDATES PRESENTED BY THE HUNGRY HOBO:

Q-C printing company sold to Swedish firm


Share
Originally Posted Online: Jan. 16, 2013, 4:58 pm
Last Updated: Jan. 16, 2013, 5:20 pm
Comment on this story | Print this story | Email this story
By Jonathan Turner, jturner@qconline.com

Elanders, a Swedish company has acquired Davenport-based Midland Information Resources.

The purchase is a continuation of Elanders' international expansion and will extend the company's presence in the world's largest graphic market, the U.S., according to a news release on elanders.com.

"I am truly excited that Midland Information Resources will become part of the Elanders family," Tom Sheehan, Midland president, said in the release. "We have been business partners for many years, and Elanders has proven to be a valuable resource in helping us create global solutions for our clients.

"As part of the Elanders team, I look forward to growing our presence in the Americas and to capitalize on the synergies of these two strong organizations," Mr. Sheehan said.

Midland, based at 5440 Corporate Park Drive, Davenport, was founded in 1982 by CEO Gene Blanc, of Moline, and is a leader in global print management, with solutions for content management services, just-in-time-deliveries in digital print, as well as fulfillment and distribution. Among its clients are several Fortune 500 companies which Midland serves with global deliveries.

Net sales of Midland in 2012 were $29 million and the company has about 180 employees. Elanders has been in business in the U.S. since 2008 and the acquisition will expand its presence in the North American market.

The global printing group has production units in 10 countries (including the U.S.) on four continents, and 1,600 employees.

No staff changes at Midland are expected with the deal, company spokesman Jon Blanc said Wednesday. Midland will continue to be run under its current name and management.

"The acquisition of Midland provides us with a strong local customer base and bolsters our offer to existing customers with operations in the U.S.," Magnus Nilsson, Elanders' president and CEO, said in the release.

"Midland's innovative solutions for global print management supplement Elanders' offer to large international companies, which is in line with our strategy to be a global supplier to global clients that need local deliveries in different parts of the world."

Mr. Nilsson was in the Quad-Cities this week to meet with Midland employees, Mr. Blanc said.

By acquiring Midland, Elanders gains access to both innovative solutions and advanced techniques in digital print as well as "a robust customer base where more than 50 percent of the company's net sales come from Fortune 500 companies," the company said.

The combination of Midland and Elanders "not only opens up further expansion on the North American market but entails greater global expansion in common customer segments as well," the release said.



















 




Local events heading








  Today is Saturday, Aug. 30, the 242nd day of 2014. There are 123 days left in the year.

1864 — 150 years ago: A large pair of elk, captured in Iowa, were exhibited in Market Square today.
1889 — 125 years ago: The Rock Island Arsenal dam was being constructed under the supervision of Charles Frances, of Lowell, Mass.
1914 — 100 years ago: Mrs. Frank Mixer, of Rock Island, was the winner of the final preliminary for the women's handicap golf cup at Rock Island arsenal links.
1939 — 75 years ago: Sixteen hundred persons — many from war-fearful Europe — arrived in New York aboard the German liner Bremen. For two days on the trip, passengers were cut off from the world with both incoming and outgoing radio messages banned.
1964 — 50 years ago: Police reported five youths have been involved in the theft of about seven cars in recent weeks. Three of the youths were arrested Saturday afternoon, one was in custody as the result of a previous arrest, and the fifth is expected to be arrested today.
1989 — 25 years ago: The Rock Island/Milan School Board is asking the city to tear down Franklin School and allow the school district to pay back the estimated $100,00 cost during 10 years.






(More History)