The technology will help Merrill manage its heavy print volume and create separate, high-integrity workflows for its healthcare business.
Merrill Corp.
Bowne Obtains RSG Digital NEW YORK—Bowne & Co. has acquired the digital printing business of Rapid Solutions Group, a subsidiary of Janus Capital Group, for $14.5 million. RSG Digital has annual sales of about $45 million. RSG’s digital printing unit operates facilities in Chicago and Melville, NY. Genesis Printing Faces Attacks MOONVILLE, SC—Within a span of two weeks, Genesis Printing was the victim of two separate incidents, one involving racist vandalism and, the most recent, a fire that caused $5 million in damage. Police are investigating a possible connection between the two attacks on the printer. No injuries were reported due to the fire,
ST. PAUL, MN—Merrill Corp. has completed the relocation of its Woburn, MA, printing and fulfillment operations to Tewksbury, MA. All 106 employees were transferred to the new facility, which has expanded Merrill’s production and warehouse space. The move is expected to improve the company’s workflow and capabilities. A conveyor system has been added here, and…
INDUSTRY consolidators exist for a number of reasons, the main being an opportunity to make money by acquiring complementary (geographically or synergistically speaking) printing companies from owners who are looking for an exit to either retirement or another business opportunity. OK, so that less-than-shocking news doesn’t exactly leave you gagging on your afternoon coffee. But what does raise the eyebrows a bit is the notion that some printers would actually sell their printing business and (gulp) start another. No, not to run a custard stand, but actually embark on a second printing career. At first blush, this sounds like a questionable move, like divorcing
Merrill Corp. Staying Private NEW YORK—It looks like financial printing specialist Merrill Corp. isn’t going public again after all. At least not in the foreseeable future. Merrill withdrew its Initial Public Offering (IPO) registration statement, reported the Associated Press. Citing Merrill’s Securities and Exchange Commission filing, it said the printer’s change of heart was due to “adverse market conditions.” Tapella Named Public Printer WASHINGTON, DC—Robert Tapella has been confirmed as the nation’s 25th Public Printer by President Bush. Tapella will oversee more than 2,200 employees at the U.S. Government Printing Office (GPO). Tapella has been instrumental in the GPO’s transformation into a profitable digital printing operation
NEW YORK—It looks like financial printing specialist Merrill Corp. isn’t going public again after all. At least not in the foreseeable future.Merrill withdrew its Initial Public Offering registration statement, reported the Associated Press. Citing Merrill’s Securities and Exchange Commission (SEC) filing, it said the printer’s change of heart was due to “adverse market conditions.”
NEW YORK—Financial printers periodically pad their bills, which can be vague and difficult to decipher, according to a feature in the September 11 edition of The Wall Street Journal. The business publication cited examples in which Merrill Corp., Bowne & Co. and RR Donnelley sometimes overshoot their estimates by hundreds of thousands of dollars and periodically resist third-party auditing efforts prior to reducing their charges. The story noted that the difference between printer estimates and the final bill result from unanticipated overages or services not anticipated in the estimates. Generally, the WSJ reported, the disputed amounts are only tens of thousands of dollars, but it
NEW YORK—Financial printers periodically pad their bills, which can be vague and difficult to decipher, according to a feature in the September 11 edition of The Wall Street Journal (WSJ). The business publication cited examples in which Merrill Corp., Bowne & Co. and RR Donnelley sometimes overshoot their estimates by hundreds of thousands of dollars and resist third-party auditing efforts prior to reducing their charges. The story noted that the difference between printer estimates and the final bill result from unanticipated overages or services not anticipated in the estimates. Generally, the WSJ reported, the disputed amounts are only tens of thousands of dollars, but it
Workers Say No to Union MONTREAL—An independent arbitrator has ruled there is no need to hold a re-run election for union representation at Quebecor World’s Covington, TN, facility, as requested by the Teamsters. The decision upholds a secret ballot election in which those employees opted against union representation. As part of the decision, it was ruled that Quebecor World’s conduct did not adhere to the neutrality provisions of the May 2005 Neutrality Agreement signed by the printer and Teamsters. CGX Finishes Nies/Artcraft Deal HOUSTON—Consolidated Graphics has completed the acquisition of St. Louis-based Nies/Artcraft Companies, which includes Nies/Artcraft Printing, Valcour Printing and Impression Label. Terms of the deal
Sheridan Shutters Capital City BERLIN, VT—Capital City Press' operations here are being discontinued by its parent company, The Sheridan Group, resulting in the loss of approximately 150 jobs. The printing of scientific, technical and medical journals, along with book printing, will be consolidated into other locations within the company. Much of the work will be handled by The Sheridan Press in Hanover, PA. Capital City employs 200 workers, and 45 of them—which comprise the Publications Services division—will reportedly be offered employment by Dartmouth Journal Services, another company in The Sheridan Group chain. FedEx Kinko's Opens Center DALLAS—FedEx Kinko's has taken the wraps off of its World