Solar Closes, Sells Assets
NAPERVILLE, IL—Solar Communications is closing its doors after nearly 50 years in business due to economic conditions, President and CEO Frank Hudetz said in a statement. The company has sold its cooperative direct mail line of business, printed paper-poly technology and collating assets to the Taylor Corp. of North Mankato, MN. All activity associated with Solar’s card pack business will be handled out of Schmidt Printing, Taylor’s Byron, MN, facility.
Dynacolor, Franklin Merge
MIAMI—Dynacolor Graphics has merged with Franklin Communications, the two companies announced. Dyna-
color will operate as a division of Franklin, with Don Duncanson serving as division president. Most of Dynacolor’s workforce has been brought along into the new division. Franklin Communications will reportedly benefit from Dynacolor’s expertise in postcards, calendars and rack brochures.
Transcontinental Cuts Staff
MONTREAL—Transcontinental Inc. is laying off 250 workers above the 1,500 cuts announced earlier this year, according to The Canadian Press. The move comes on the heels of its C$144.3 million loss for the second quarter of 2009, compared to a net profit of C$36.9 million for the same period the previous year. The company expects to generate C$100 million in cost savings with the streamlining of 1,750 jobs, which represents about 13 percent of its workforce.
New Web Press at Angstrom
HOLLYWOOD, FL—Angstrom Graphics, the former St Ives U.S. division, has started up a second new Komori System 38S web offset press in its facility here. According to Wayne Angstrom, chairman and CEO of Angstrom Graphics, the installation and startup process “exceeded expectations by hitting all performance metrics within a four-week startup window.” Two additional web presses are slated within the next year.
FIP Joins Forces with Heeter
CANONSBURG, PA—First Impression Printing (FIP) of Pittsburgh has merged its sales and operations into Heeter Direct, based here. Gary Pandolfo, owner of FIP, and his wife, Ellen, will join Heeter Direct and be responsible for developing sales and supporting the new combined sales team. NAPL provided merger and acquisition advisory services to Heeter Direct.