Goss Recognized For Global Resources Management BOSTON—At its Manufacturing in the 21st Century Summit held here recently, The Aberdeen Group presented the Performance Excellence Award to Goss International. The award recognizes Goss for excellence in managing global resources to meet complex, engineer-to-order (ETO) manufacturing requirements—citing its manufacturing operations, supply chain management and information technology support that contribute to exceptional product performance. Böwe Bell + Howell has entered into an agreement in principle to acquire OPEX Corp.’s Postal Technologies division, which includes a line of mail sorters and software products. The company will also assume all of OPEX Postal Technologies’ maintenance and licensing
SMART Papers
INDUSTRY NEWS ‘The Green Media Show’ BOSTON—A “green” conference and expo called “SustainCommWorld—The Green Media Show,” which focuses on all aspects of media and to how to convert production into sustainable workflows, will debut October 1-2, 2008, at the Marriott Copley Square Hotel here. SustainCommWorld LLC, headquartered in Mercer Island, WA, was launched by veteran graphic arts and trade show professionals to provide a forum for companies that design, print and distribute digital and printed information to find solutions to sustainability issues. The conference and expo will focus on topics including increased brand equity, business risk reduction, supply chain activity, carbon footprinting and sustainability reporting. It will
Group Visits KBA’s German Headquarters RADEBEUL, GERMANY—KBA North America invited a select number of U.S. and Canadian printers, as well as industry journalists, to visit its headquarters and sheetfed press manufacturing facility here recently. The group was treated to a behind-the-scenes look at the factory assembly hall; the R&D facility; product demonstrations on the new-generation, 41˝ Rapida 105 five-over-five perfector press and the large-format, 56˝ Rapida 142 four-over-four perfector; and visits to several area printers that are utilizing KBA presses in sophisticated markets. Time was also spent sightseeing in Dresden and Leipzig. “Our open house in Germany provided printers with an in-depth education on
Same High-Tech Press, Same Super Success, Very Different Printers LOS ANGELES—The Komori Lithrone LS40SP Super Perfector with double coater technology—so new, there are only a few operating in the United States—inspired Komori to sponsor a media junket to California in April to see two of the presses in action. The Super Perfector, based on Komori’s successful Lith-rone S40 series, is a tangible example of the company’s commitment to create presses from the user’s perspective, employing their input in the development of its products. Zarik Megerdichian, president and CEO of Glendale-based 4Over Inc., who runs an all-Komori shop, claims he’s one of those end
HAMILTON, OH—SMART Papers has secured $45 million in new financing from Wells Fargo Foothill, part of Wells Fargo & Co. The financing provides SMART Papers with a stronger financial platform to expand sales, manufacturing and distribution of its products.SMART Papers manufactures and markets premium coated and uncoated printing papers. The company emerged from Chapter 11…
HAMILTON, OH—With a new owner in the investment advisory firm Plainfield Asset Management and the resulting influx of capital, SMART Papers has exited Chapter 11 reorganization with a vengeance. The company is now expanding production on all three of the papermaking machines at its manufacturing center here. SMART Papers is now producing its full line…
HAMILTON, OH—January 3, 2007—SMART Papers today announced it has a new owner, Plainfield Asset Management of Greenwich, Conn., and is expanding production on all three papermaking machines at its Hamilton, Ohio, manufacturing center. With fresh capitalization and ownership, the company said it is now producing its full line of premium cast-coated, matte-coated and uncoated text, cover and writing papers. SMART Papers employs 520 in various manufacturing, sales, customer service and management positions, primarily in Hamilton, north of Cincinnati. “SMART Papers has a rich history and well-established brands that bring unique value and benefit to the North American printing industry and their customers,” said Eric Reehl, Managing
HAMILTON, OH—December 20, 2006—SMART Papers LLC today reported that the U.S. Bankruptcy Court for the District of Delaware has approved and confirmed its business reorganization plan, paving the way for emergence from Chapter 11 upon the company’s sale to an affiliate of Plainfield Asset Management LLC, a Greenwich, CT-based investment advisor. The SMART Papers Plan of Reorganization was approved by the court yesterday in Wilmington, Del. The plan was accepted by an overwhelming majority of voting creditors. It is also supported by SMART Papers’ secured lender, its unsecured creditors committee, Memphis-based International Paper Co. and many other important creditor groups. “We’re very pleased with
Quad Workers Nailed in Scam HARTFORD, WI—Two former employees at Quad/Graphics’ magazine printing plant here were arrested and charged in connection with an international insider trading scheme that generated $6.7 million, the Milwaukee Journal Sentinel reported. Former temporary employee Nickolaus Shuster and recently terminated Quad worker Juan Renteria were charged with being sources of illegal insider information, the newspaper reported. Supplying investor tips from an investment feature that appears in BusinessWeek in advance of the street date allegedly netted more than $345,000 in profits. Aurand, Vista Buying Outlook NEENAH, WI—Led by former Banta CEO Calvin Aurand, Vista Group Holdings is acquiring Outlook Group for $13.50 per
Quad Workers Nailed in Scam HARTFORD, WI—Two former employees at Quad/Graphics’ magazine printing plant here were arrested and charged in connection with an international insider trading scheme that generated $6.7 million, the Milwaukee Journal Sentinel reported. Former temporary employee Nickolaus Shuster and recently terminated Quad worker Juan Renteria were charged with being sources of illegal insider information, the newspaper reported. Supplying investor tips from an investment feature that appears in BusinessWeek in advance of the street date allegedly netted more than $345,000 in profits. Aurand, Vista Buying Outlook NEENAH, WI—Led by former Banta CEO Calvin Aurand, Vista Group Holdings is acquiring Outlook Group for $13.50 per
