Contac Obtains Forum Assets
VANCOUVER, BRITISH COLUMBIA—Contac announced its further expansion into printing with the acquisition of certain printing assets from Forum Productions, a commercial printer located in Delta, British Columbia. As a result of the deal, Contac is acquiring a wide range of printing equipment and technology, including a six-color, 40˝ sheetfed press; a four-color, 29˝ UV hybrid sheetfed press; a diecutter/foiler; and an assortment of other assets.
MLP USA Promotes Stock
LINCOLNSHIRE, IL—MLP USA announced that Mike Stock, a longtime sales and engineering manager with the organization that markets printing presses manufactured by Mitsubishi Heavy Industries, has been promoted to the position of director of sheetfed and web offset sales. In his new role, Stock now oversees MLP's sales force and cultivates current and prospective customer relationships through the company's press equipment.
Penton Files Chapter 11
CHICAGO—Penton Media, which publishes American Printer and Paper, Film & Foil Converter magazines, has filed a prepackaged plan of reorganization under Chapter 11. Its liabilities exceed $1 billion, with assets between $500 million and $1 billion. Among Penton's largest unsecured claims are several magazine printers, including Worldcolor ($1.59 million), RR Donnelley ($1.41 million), Brown Printing ($207,814) and Quad/Graphics ($81,885). Penton CEO Sharon Rowlands said all pre-petition supplier claims will be paid in full.
Pitney Opens Mail Center
STAMFORD, CT—Pitney Bowes has selected Newark, NJ, as the site for its expanded mail services operations and will open a new International Mail Distribution Center there this month. The relocation and expansion will bring 180 jobs to Newark, and is expected to create an additional 25 jobs in New Jersey's largest city over the next few years.
Curley Takes NewPage Helm
MIAMISBURG, OH—NewPage Corp. has chosen Tom Curley, a 30-year corporate veteran, to take over as president and CEO. He began his career with General Electric, and has worked for organizations such as Caterpillar Inc. and Cooper Cameron. Prior to joining NewPage, Curley most recently served as president of the Rolls-Royce Energy business.