Year in Review — Big Deals Make Comeback
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Erik Cagle
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Houston-based Consolidated Graphics (CGX) signed a letter of intent to acquire family owned Hopkins Printing of Columbus, OH. But not every engagement results in marriage; the deal fell through and, by the end of the year, Hopkins Printing devised an employee stock ownership plan (ESOP).
A complaint filed by NewPage Corp. briefly led to stiff penalty tariffs from the U.S. Department of Commerce (DOC) levied against Asian coated free sheet paper sources, notably China, Indonesia and Korea. From 2004 to 2006, U.S. paper imports from China went from $29 million to a staggering $224 million. However, the tariffs were surprisingly overturned in late November by the U.S. International Trade Commission in a 5-1 decision.
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Erik Cagle
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