Streeter, Banta Say No to Burton Offer

Streeter said the company was reorganizing its five print divisions into two divisions, thus eliminating management infrastructure while reducing general and administrative costs.

Its book, publications and consumer catalog divisions will now be called Banta Publishing & Catalog Solutions. Its direct marketing and literature management divisions will be meshed under the heading Banta Direct Marketing Solutions. The Print Sector reorganization is expected to generate annualized pre-tax savings of approximately $3 million, beginning in 2007.