Hischar Takes KBA Helm
DALLAS—KBA North America has named Mark Hischar its new president and CEO. He assumed his new position with the press manufacturer on October 1. Hischar replaces Holger Garbrecht, who resigned at the end of August. Prior to joining KBA, Hischar was president and CEO of W+D Machinery in Overland, KS.
MSP Acquires First Company
NEW CANAAN, CT—MSP Digital Marketing has agreed to acquire a substantial interest in TecDoc Digital Solutions (TDD). TecDoc is a provider of digital solutions for direct marketing, collateral management and document solutions. David Trombino, CEO of TDD, and COO Paul Marinelli will lead day-to‑day operations. Led by founding partner Roy Grossman, MSP is seeking to acquire companies with a focus on variable data printing capabilities, specialty direct mail, digital packaging and labels, and large-format applications.
Roadblock to Merger?
NEW YORK—If there is to be a merger between Heidelberger Druckmaschinen and manroland AG, the companies may need to sell assets beforehand to meet the requirements of antitrust agencies, according to a Bloomberg report. Citing two people familiar with negotiations, Bloomberg reported the companies may need to sell overlapping assets in order to gain approval from European Union authorities.
TKS, Goss Make Peace
IRVING, TX—Tokyo Kikai Seisakusho (TKS) and Goss International have agreed to settle their disputes with one another and are in the process of ending pending litigation in the United States and Japan, TKS noted in a statement. Terms of the agreement were not released. The parties did acknowledge that the resolution was in the best interest of their companies and their customers, allowing them to offer their full product lines in the U.S. market.
New iGen4 for Pazazz
MONTREAL—Canadian printer Pazazz has obtained a Xerox iGen4 digital color press with enhanced G7 Print Master color management tools and in-line output profiling and advanced variable capabilities. Pazazz plans to use the iGen4 press to produce direct marketing pieces such as full-color booklets, brochures, manuals and postcards with variable data and image options.