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UPFRONT

February 2010

Courier Acquires Highcrest

NORTH CHELMSFORD, MA—Courier Corp., a book manufacturer and specialty publisher, has acquired Highcrest Media of Wilmington, MA, a provider of software and solutions that streamline the production of customized textbooks for use in colleges, universities and businesses. Terms of the transaction were not disclosed. Courier's acquisition of Highcrest complements its recent investment in digital printing technology.

Metzgers Swings Deal

TOLEDO, OH—Metzgers Printing + Mailing has purchased select assets of Archbold, OH-based Quality Graphics. Terms of the sale were not revealed. As part of the deal, Metzgers has hired two Quality Graphics employees and will interview all others. Glenn Miller, president of Quality Graphics, will be retained for consulting purposes.

Fire Strikes Houston Printer

HOUSTON—A three-alarm blaze struck Grover Printing here in January, according to the Houston Chronicle. No injuries were reported. The fire, which took about an hour to get under control, was confined to the shop's warehouse. Grover Printing's offices are attached to the warehouse, but were not damaged, the Chronicle reported. The cause is still being investigated.

Is Heidelberg Going Digital?

HEIDELBERG, GERMANY—Heidelberger Druckmaschinen, parent company of Heidelberg USA, is reportedly seeking a return to the digital printing arena in the form of a partnership. The German business newspaper Handelsblatt, citing an unnamed source within Heidelberg, said the company is in talks with Eastman Kodak. Heidelberg exited the digital printing market in 2004 after selling its NexPress unit to Kodak. According to Handelsblatt, Heidelberg is also exploring partnership possibilities with other digital printing technology providers.

Toronto Plants Consolidate

MONTREAL—Prior to its acquisition by Quad/Graphics, Worldcolor announced that it was consolidating its Toronto- area magazine, catalog and in-line direct mail operations into a single, multi- purpose plant. The move will result in the reduction of about 200 jobs, though 50 positions will be created at the multipurpose facility. The production facilities and sales offices will be located at Worldcolor's Aurora, Ontario, plant.

Reynolds Aids Champion

HUNTINGTON, WV—Marshall Reynolds, CEO of Champion Industries, has lent a hand to his troubled company courtesy of a $3 million loan, according to the Charleston (WV) Gazette. The loan provided Champion with added time to amend a credit agreement that the company defaulted on early in 2009. Absent the loan, Champion could have been forced to immediately repay debts that totaled more than $65 million last November.

 

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