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
X-Rite Inc.
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
Editor's note: While not a blog, exactly, Dennis E. Mason, of Mason Consulting Inc., kindly agreed to share some of his first-hand impressions of IPEX 2006 direct from the fairgrounds. IPEX 2006 Day 2: Wednesday at IPEX proved to be a much better day than its opener on Tuesday. Crowds were good, and exhibitors were generally quite pleased with their booth traffic. IPEX veterans say that the second and third days are usually the best attended, so everyone seemed to think that things went according to plan. The day began with a Xerox briefing, featuring CEO Anne Mulcahy talking about where the company is going.
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
Midwestern Printer Garners High Honor WASHINGTON, DC—The International Cooperation for the Integration of Processes in Prepress, Press and Postpress (CIP4) announced the first winner of the CIP4 International Print Production Innovation (CIPPI) award. In the category of "best cost/benefit realization as a result of process automation implementation," the application of Action Printing of Fond du Lac, WI, was selected by the CIP4's advisory board. california BURBANK—Merisel Inc., a graphic solutions provider, has acquired Los Angeles-based Crush Creative, a provider of digital imaging solutions. The acquisition partners Crush with ColorEdge Visual, a New York City-based commercial graphics and imaging center, and Comp24, a comp production
SEWICKLEY, PA—A panel of independent judges dubbed 17 innovative technologies worthy of 2005 PIA/GATF InterTech Technology Awards. The winners were chosen from a field of 52 technology nominees. Winners will be presented with Lucite InterTech stars during an annual banquet at the 2005 PIA/GATF fall administrative meetings, November 10-13, in San Francisco. The following is a list of the companies and their honored technologies: Metrix v1.5, LithoTechnics Pty Ltd. and Alterio Associates; Chameleon, Böttcher America; PDF Compare and PDF Merge, Creo Inc.; in-line coating for digital presses, NexPress Fifth Imaging Unit Solutions (Eastman Kodak); in-line coating for digital presses, Xeikon Print Protector, Xeikon International/Punch Graphix; Arrowlith UV,
Heidelberg Outlines PRINT 05 Plans KENNESAW, GA—Heidelberg announced plans for its 76,000-square-foot booth at next month's PRINT 05 & CONVERTING 05 exhibition in Chicago during a pre-show press conference held here recently. One of the main attractions will be the XL 105 Theater—a large-screen theater for live presentations that will house Heidelberg's new Speedmaster XL 105. The first product introduced in the company's new series of high-end offset presses known as the "Maximum Performance Class," it boasts speeds to 18,000 sph. There will be a total of 10 sheetfed presses, in various sizes and configurations, within the Heidelberg exhibit. Outside the XL 105
Web Printers Hit The Race Track DALLAS—Sun Chemical offered Web Offset Offset Association Conference attendees the opportunity to climb into a NASCAR race car for a high-speed ride around the track at the Texas Motor Speedway. Of the 250 guests in attendance at the event, nearly 160 people elected to ride as passengers in the stock cars, which reached speeds of 170 miles per hour as they sped around the oval track. DiMS! organizing print's entire European staff have relocated to a brand new, purpose-built, state-of-the-art office building in Lichtenvoorde, the Netherlands. The building is equipped with ultra-modern demo spaces and well-equipped training classrooms. KBA North America
Buhrs, a producer of mailing and fulfillment solutions, has announced its intention to enter the market for FSI collating and wrapping systems for the newspaper industry. Buhrs has appointed Don Piontek, of Finishing Resources, to develop its presence in the market. John Kia has been named manager, production product marketing, for IBM Printing Systems. Also, Chris Reid has been named commercial print solutions manager. In this capacity, he is responsible for worldwide output solutions customized for commercial printers, including service bureaus, direct mailers and book printers. FileAmerica, a custom file folder manufacturer, is celebrating its 30th year serving the trade in the printing industry. Formerly known
by chris bauer Managing Editor Printers live by the mantra that time is money. As more steps can be cut out of the prepress, printing and binding processes, more profit can be achieved. Large-format (40˝ and larger) perfecting presses ensure faster printing results by printing both sides of the sheet in one pass through the press. Many printers have put two and two together, and like the sum that sheetfed perfectors provide. "The drive towards large-format perfectors is stimulated in a large degree by the need for process time reduction," explains Doug Schardt, product manager, Komori America. "In other words, why do in two