2005 Market outlook year in review -- Cheers to 2004

Also on the M&A front, Tanagraphics and Seybert Nichols Printing Group merged to form what was said to be the largest privately owned company providing print management solutions in New York City. The new company is known as TanaSeybert.

Workflow Management, Palm Beach, FL, was acquired by WF Holdings, an entity controlled by Perseus LLC and The Renaissance Group, for $4.87 per share. Shortly after the merger was announced, President and CEO Gary Ampulski was fired and replaced by Chairman Gerald Mahoney.