Banta Plans Restructuring
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MENASHA, WI—Banta Corp. has reported a 98 percent drop in fourth quarter net income, as well as plans to restructure its consumer catalog business and supply-chain management activities. The company says that its fourth quarter net earnings fell to $392,000, from $16.1 million a year earlier. This was largely due to a non-cash impairment charge of $26.8 million.
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