DG3 Group Elevates Saggiomo
JERSEY CITY, NJ—The DG3 Group (DG3), a provider of global graphic communication solutions, has promoted Tom Saggiomo to worldwide president and COO. He also joins the firm’s board of directors. Saggiomo will continue to report directly to Dr. Michael Cunningham, who has assumed the position of chairman, and will continue as CEO of the company. Saggiomo joined DG3 in 2008 as president of North America, with overall responsibility for DG3’s North American division.
Jostens Closes Yearbook Plant
WINSTON-SALEM, NC—Jostens is closing its yearbook printing plant here over the coming months in an effort to consolidate operations, according to the Winston-Salem Journal. The move will result in the loss of 185 jobs. The work will be transitioned into other production facilities that have received technology upgrades. Minneapolis-based Jostens, a subsidiary of Visant Corp., has plants in California, Kansas, Missouri, Pennsylvania and Tennessee.
Mod-Pac Sheds Commercial
BUFFALO, NY—Mod-Pac Corp., which specializes in custom paper board packaging and personalized printed products, is rationalizing its product lines in order to focus on custom folding cartons. As a result, the company will exit the commercial printing business and about 23 staff positions will be eliminated.
New CEO for Outlook Group
NEENAH, WI—Outlook Group announced the appointment of Glen Yurjevich as CEO. He succeeds Cal Aurand, chairman of Outlook Group’s board of directors, who was serving as interim CEO. Aurand will continue in his role as chairman. Yurjevich most recently served as interim president of Whitefield Industrial Coatings, an industrial coating and paint company.
Fraser Files to Restructure
TORONTO—Specialty packaging and printing paper producer Fraser Papers has sought out bankruptcy protection in the United States and Canada. Fraser and its subsidiaries have initiated a court-supervised restructuring under the Companies’ Creditors Arrangement Act in Canada and will seek similar relief under Chapter 15
of the U.S. Bankruptcy Code. Fraser will continue its routine business operations.