Shanghai Electric (Group) Corp. (SEC) and the shareholders of Goss International Corp., including majority shareholder MatlinPatterson Global Opportunities Partners, have reached an agreement for the utility and equipment manufacturing conglomerate to become the second largest shareholder of the printing equipment supplier by acquiring newly issued shares of Goss International preferred stock. This transaction is currently under governmental review for final approval and is subject to other customary conditions to closing.
Goss International
Goss International announces that after 44 years of service, its president Richard (Dick) J. Sutis will retire on July 31, 2009. Sutis will retain his positions as vice chairman of the Board of Directors of Shanghai Goss Graphic Systems, a joint-venture of Goss International and Shanghai Electric Group in China, as well as a member of the Board of Directors of Goss Graphics Systems Japan Corporation.
Goss International reduced its work force in the United States on Friday, May 8. Approximately 170 employees at facilities in New Hampshire, Illinois and Texas were impacted. The company also announced that it was considering other options including short-term furloughs during the summer for employees in the United States.
Phil Burke, 49, Goss International’s vice president of sales for Latin America, was found dead in Biscayne Bay here April 7. His body and that of his eight-year-old daughter, Tara Ann, were pulled from the water a day after they had gone on a father/daughter boating trip.
MIAMI—Phil Burke, 49, Goss International’s vice president of sales for Latin America, was found dead in Biscayne Bay here April 7. Burke's body and that of his 8-year-old daughter, Tara Ann, were pulled from the waters a day after they went on a father/daughter boating trip.
Goss International released the following statement from Jochen Meissner, CEO: With great sadness, I regret to inform you that Phil Burke, our vice president of sales for Latin America, and his eight-year-old daughter, Tara Ann passed away on Sunday following a boating accident near their home in Florida.
Printing Impressions' Commercial Printing Supplier News for April 2009
Royle Printing’s new Goss Sunday 2000 web press is now installed and operational. This multi-million dollar investment was purchased to further strengthen Royle’s printing operations. Headquartered in Sun Prairie, Royle combines high quality and efficient print manufacturing with mailing and distribution services to the publishing and catalog markets.
As part of continuous efforts to gain efficiency and deliver more value to customers through its worldwide manufacturing platform, Goss International is pursuing an initiative to rationalize the capacity of its two operations in France.
Cal Poly’s Graphic Communication Department is partnering with Goss International to revolutionize the printing industry by making it interactive. In an ongoing commitment to enhancing the value of printed material to consumers and advertisers, the department works with key corporations to develop strategies to revitalize print in unique ways, said Harvey Levenson, head of the Graphic Communication Department.