Vertis Installs Goss Press
BALTIMORE—Direct mail printing specialist Vertis Communications has installed a new Goss Sunday 2000 web press in its direct marketing facility in Chalfont, PA. The technology will enable hyper-personalized marketing for the printer's major clients, including American Express, Macy's, Citigroup, Chrysler and Ford. The press, which features speeds up to 2,400 fpm, can produce short-run quantities and provides rapid turnaround on long-run projects, reducing production time and maximizing return on investment.
RRD Nets Journalism Online
CHICAGO—RR Donnelley (RRD) has acquired Journalism Online and its Press+ offering, which enables publishers to seamlessly integrate a paid-content engine into their Websites. The Press+ system supports publishers as they offer audiences a mix of free and subscription-based content. Journalism Online is managed by two of the company's founders, veteran digital media leaders Steven Brill, founder of The American Lawyer magazine and Court TV, and L. Gordon Crovitz, a former Wall Street Journal publisher.
BBH Files Bankruptcy, Selling
WHEELING, IL—Böwe Bell + Howell (BBH) announced that it has entered into an asset purchase agreement with Versa Capital Management under which Versa and its co-investment partner Access Value Investors (AVI) would acquire substantially all of BBH's assets. Versa holds the majority of BBH's outstanding secured debt, which will be resolved through the sale. To facilitate these transactions, Böwe Systec and its affiliates filed voluntary bankruptcy petitions under Chapter 11. The expedited sale process should be completed within 90 days or less.
Layoffs for SourceLink
MIAMISBURG, OH—Citing federal budget cuts that will end the printing of Social Security benefit statements, Chicago-based SourceLink announced it is laying off 23 employees at its facility here, according to the Dayton Business Journal. The marketing services provider specializes in direct marketing/mail and transactional document outsourcing services, including on-demand printing.
American Litho Acquires Berlin
CAROL STREAM, IL—American Litho and Berlin Industries have entered into a definitive agreement that will result in American Litho purchasing certain assets of Berlin Industries. The combined company will offer a broader range of products and service capabilities to its customers, and will continue to operate two existing printing plants located in Carol Stream, IL. Closing of the transaction is expected to occur by early June.