Standard Register Launches New Corporate Strategy
28 Abril 2011 - 12:30PM
Business Wire
Standard Register (NYSE:SR) introduced its new corporate focus
on advancing its customers’ reputations to shareholders today at
the annual meeting, along with a new brand identity that reflects
how the nearly 100-year-old company delivers value to its
customers. A new corporate logo and complementary brand logos for
its three business units, Commercial, Healthcare and Industrial,
emphasize Standard Register’s market-driven strategy.
Standard Register is headquartered in Dayton with facilities
throughout the U.S. and in northern Mexico. The company provides
mission-critical communications management and execution services
for the world’s leading companies, including approximately half of
the Fortune 100, as well as mid-size organizations and small
businesses.
The new focus was developed after significant research on market
trends, engagement with leading strategy consultants and
discussions with customers, suppliers, partners and supply chain
participants. After thoughtful assessment of industry growth
drivers, the company determined it can best serve its customers by
moving from a document management services company to one that
aligns a business’ mission-critical communications with corporate
priorities and standards.
“Throughout our history, Standard Register has been an
innovator. We’ve grown by helping our customers adapt to changing
business conditions,” said Joseph P. Morgan, Jr., president and
chief executive officer. “We have devoted significant resources to
planning our future direction and found that our strengths
intersect with what our customers value most. With our deep
market-specific expertise and ability to partner to solve problems,
we’ve demonstrated we can help them operate more efficiently, build
brand consistency, reduce risk and advance their company
reputations.”
Morgan said Standard Register aligned into three market-facing
business units two years ago to intensify its understanding of its
healthcare, commercial and industrial customers. The focus on
advancing customers’ reputations is the next step in the company’s
evolution.
“Even the world’s top companies need help executing critical
communications and managing inherent compliance, safety and
security risks, because they often don’t have the required
resources or expertise in-house. We have a compelling portfolio of
solutions that often can be applied enterprise-wide to help
customers address their strategic issues. We can help them develop
innovative solutions to build, protect and enhance their brands,”
he said.
The company’s portfolio is comprised of document management and
process improvement services and solutions that are customized for
its respective markets. Its Commercial business provides marketing,
training and customer communications solutions that help companies
ensure brand consistency, increase customer loyalty and enhance
security. In Healthcare, Standard Register offers solutions to
accelerate performance, attract and educate patients, enhance
patient safety and improve the quality of care. Its Industrial
business helps manufacturers realize efficiencies by removing waste
from the manufacturing process, reduce product liability claims
through improved compliance, and gain distinction with the latest
product decoration technology.
Morgan said that the company’s refined strategy is already
gaining traction. “Market analysis showed us we have significant
opportunities to grow market share in each of our three segments,
and it’s evident we are on the right path. We’ve stabilized the
company, made significant investments in technology, and introduced
new solutions and services that are driving growth.”
About Standard Register
Standard Register (NYSE:SR) is trusted by the world’s leading
companies to advance their reputations by aligning their
communications with corporate standards and priorities. Providing
market-specific insights and a compelling portfolio of solutions to
address the changing business landscape in healthcare, commercial
and industrial markets, Standard Register is the recognized leader
in the management and execution of mission-critical communications.
More information is available at www.standardregister.com.
Safe Harbor statement
This report includes forward-looking statements covered by the
Private Securities Litigation Reform Act of 1995. Because such
statements deal with future events, they are subject to various
risks and uncertainties and actual results for fiscal year 2011 and
beyond could differ materially from the Company’s current
expectations. Forward-looking statements are identified by words
such as “anticipates,” “projects,” “expects,” “plans,” “intends,”
“believes,” “estimates,” “targets,” and other similar expressions
that indicate trends and future events.
Factors that could cause the Company’s results to differ
materially from those expressed in forward-looking statements
include, without limitation, variation in demand and acceptance of
the Company’s products and services, the frequency, magnitude and
timing of paper and other raw-material-price changes, general
business and economic conditions beyond the Company’s control,
timing of the completion and integration of acquisitions, the
consequences of competitive factors in the marketplace including
the ability to attract and retain customers, results of continuous
improvement and other cost-containment strategies, and the
Company’s success in attracting and retaining key personnel. The
Company undertakes no obligation to revise or update
forward-looking statements as a result of new information since
these statements may no longer be accurate or timely.
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