Paper Maker Exits Bankruptcy
MONTREAL—AbitibiBowater has successfully completed its reorganization and emerged from creditor protection under the Companies' Creditors Protection Act (CCAA) in Canada and Chapter 11 of the U.S. Bankruptcy Code. Since 2007, the company has reportedly restructured itself both financially and operationally in a way that has dramatically lowered its break-even point. AbitibiBowater streamlined its asset profile to top-performing facilities, closing or idling 3.4 million metric tons of paper capacity on an annual basis.
RRD Acquires Nimblefish
CHICAGO—RR Donnelley has acquired the assets of San Francisco-based Nimblefish Technologies, a provider of multi- channel marketing services to retail, technology, telecommunications, hospitality and other customers. Nimblefish's software services include integrating direct mail, e-mail, Web publishing, personalized URLs and variable video components into multi-touch, multi-channel customer prospecting and engagement programs.
'Big Easy' Printers Combine
NEW ORLEANS—Harvey-Hauser Press and Garrity Print Solutions have agreed to merge their two locally owned commercial printing companies into one, larger organization in order to significantly enhance the printing capabilities, technology and capacity available to their customers. The new company, to be known as Garrity Print Solutions, a Harvey Co., will reportedly create the largest commercial printer in the area in terms of annual sales.
Boomer's, Cornerstone Merge
LINCOLN, NE—Boomer's Printing, a fixture here for nearly a century, has merged operations with Cornerstone Printing & Imaging, according to the Lincoln Journal-Star. Terms of the deal were not disclosed. As part of the deal, Boomer's owner, Harold Klein, will become part owner of Cornerstone, according to the newspaper. The combined company will employ roughly 45 people and will operate under the Cornerstone name. Boomer's was founded in 1919. Cornerstone began as an AlphaGraphics franchise in 1992. PI