PRX Market, a new player in the print and label sector, has unveiled its innovative online platform designed to revitalize the industry by promoting sustainable sourcing practices. By providing a user-friendly space that brings together suppliers, converters, and printers, PRX Market aims to redefine the surplus material exchange, fostering value creation and increasing product lifecycles.

PRX Market addresses a crucial industry need by allowing suppliers and converters to easily sell their surplus materials, particularly rolls, at their actual value – a process that is not currently used or seen as viable. The platform boasts an intuitive design with comprehensive search functions and filters, making it easy for buyers to locate desired products without complicated sign-up procedures or price negotiations.

PRX Market takes the stress out of listing products. Listing materials on the platform is free, eliminating financial risk. According to PRX Market, sellers can confidently list their products without any concerns, maximizing the potential of their unused inventory. Said products can go for their face value, but pricing is completely up to sellers.

Sellers’ time is precious, and PRX Market respects that. To list products, sellers only need to provide product specifications through a simple Excel sheet. PRX Market then handles the uploading process at no extra cost, allowing sellers to focus on their core business activities.

Plus, Tower Products Inc., a global manufacturer of pressroom chemicals, has been acquired by a group of private investors and will be headed by Rachel McGrath, a seasoned business leader. The company will continue to operate independently as Tower Products LLC with the same team, the same quality service, and the same focus on creating and producing great products for end users, dealers, and equipment manufacturers across the printing industry.

As the new CEO, McGrath, joins the company after working for years in the petrochemical industry at Chevron and consulting on innovation products for industrial and chemical companies at Innosight, a consulting firm founded by Harvard professor Clay Christensen.

Here are the highest-trafficked news items from the week ending on September 22:

1. Introducing PRX Market: ‘Like eBay for offcuts and excess materials’ 
2. Tower Products, Inc. acquired by Cooper Watson LLC
3. UPM Raflatac wins Sustainability Award for Ocean Action label
4. Avery Dennison innovates for EV revolution
5. Metalcraft announces Kyle Bermel will succeed CEO Steve Doerfler