Canada OKs WC/QG Deal
MONTREAL—The Canadian Minister of Industry has granted approval under the Investment Canada Act for the proposed acquisition of Worldcolor by Quad/Graphics, of Sussex, WI. The deal, which will be effected by plan of arrangement under the Canada Business Corporations Act, is subject to customary closing conditions for transactions of this type, including receipt of court and shareholder approvals.
Accident Burns GHP Workers
WEST HAVEN, CT—Serious burns sent a pair of GHP employees to the hospital after a flash fire broke at their plant, the New Haven Register reported. The workers were using a flammable solvent to clean a folder when the chemical ignited and triggered the flash fire. Rescue personnel arrived at the printing company to find the men with first- and second-degree burns to their face and hands. The injuries were said to not be life-threatening.
FBI Searches Prompt Printing
CAMDEN, NJ—Prompt Printing Press, a business here that sells printing equipment, was searched by FBI counterterrorism agents May 13 as the FBI continued its investigation into last December's Times Square bombing attempt. Prompt employees Muhammad Fiaez and his brother, Iqbal Hinjhara, were questioned for an hour by the FBI, but not arrested.
Courier Installing Web Press
NORTH CHELMSFORD, MA—Book manufacturer Courier Corp. has given the green light for the installation of a fourth manroland Lithoman web press for its Kendallville, IN, plant. Like the previously added models, this Lithoman will have four printing units on a single 571⁄2˝ web. It will be equipped with semi-automatic plate changers and the Quickstart package.
DOC Rules Against Asian Paper
WASHINGTON, DC—The U.S. Department of Commerce (DOC) is levying dumping duties against certain coated paper imports from China and Indonesia. The preliminary tariffs range from 30.92 percent to 89.71 percent for China, with an all-China rate of 135.80 percent. A single rate of 10.62 percent is being applied to all Indonesian coated paper producers. These margins would be in addition to the countervailing duties applied in March. A final decision is expected by year's end.