DIGITAL digest
The Creo board of directors approved an agreement to acquire a plate production facility in Pietermaritzburg, South Africa, from First Graphics (Pty.) Ltd., for an aggregate price of (U.S.) $11.25 million.
"The introduction of the Creo plate represents the culmination of a long-term effort to develop our own plate and developer technology, as well as characterize imaging behavior and optimize on-press performance of the plate," notes Amos Michelson, Creo CEO. "We have supplied our plate emulsion under license to several manufacturers that have commercially produced and sold plates under their own brand names over the last 18 months...More recently, Creo has leveraged its existing sales, distribution and service organization to enable logistics and field support for the new plate."
