Newspaper Expands Capacity
CHEYENNE, WY—The Wyoming Tribune-Eagle shelled out $14 million for the expansion of the company’s headquarters and production center here. The improvements are scheduled around the installation of a MAN Roland Uniset 75 web press, which is slated to be delivered next January. The Tribune-Eagle is Wyoming’s second-largest daily newspaper.
Press Worker Suffers Injury
PITTSBURGH—A man had to be rescued from the printing press at Liberty Pittsburgh Systems on Neville Island March 12 after catching his hand between the machine’s rollers. The unidentified man, in his early 50s, got his hand caught around 6:30 that morning. Ohio Township firefighters and rescue workers needed about 90 minutes to liberate the man, according to the Beaver County Times. Three Liberty Pittsburgh Systems employees also assisted in the rescue. The man was taken to a nearby hospital.
PackPrint Show Put on Hold
RESTON, VA—The Graphic Arts Show Co. (GASC) announced that package printing show PackPrint will not be held concurrently with Graph Expo 2007 from September 9-12 in Chicago, as planned. In the end, it was a matter of insufficient vendor support. According to Ralph Nappi, president of GASC, the goal was to sell 50,000 square feet for the inaugural PackPrint. GASC pulled the plug with 40 vendors having accounted for 26,000 square feet.
Major Deals Are Completed
STAMFORD, CT—Cenveo Inc., located here, has completed its acquisition of Richmond, VA-based Cadmus Communications. Cenveo paid $430 million, or $24.75 per share. The Valassis acquisition of ADVO Inc. for $1.2 billion, or $33.02 per share, has also been completed. Domtar Inc., meanwhile, closed its deal for Weyerhaeuser Co.’s fine paper business. The combination created Domtar Corp., which will be traded on the New York and Toronto stock exchanges under the ticker symbol UFS.
Engdahl Retiring from Brown
WASECA, MN—Tom Engdahl, a 2005 inductee into the PRINTING IMPRESSIONS/RIT Printing Industry Hall of Fame, is stepping down from his role as president and CEO of Brown Printing. Volker Peterson, vice president of strategy and chief integration officer, will replace Engdahl effective July 1. Engdahl, who retires January 1, 2008, will stay on to ensure a smooth transition process.