Public vs. Private — Wall Street Sways Fortunes

In the case of The MATLET Group, becoming a privately held company was a matter of survival. The five companies comprising the year-old firm (Acme Printing, Packaging Graphics, Central Florida Press, NOVA Marketing Services and Premedia Services of Detroit) were acquired from Quebecor World by a team led by Gary Stiffler, and the facilities were unrolled with original facility names under one umbrella, led mostly by their former company heads. Quebecor World had decided to go with its bread-and-butter platform, namely catalogs, magazines, books and retail. The divested companies that became MATLET were determined to be no longer core.