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November 2007
Merrill Corp. Staying Private

NEW YORK—It looks like financial printing specialist Merrill Corp. isn’t going public again after all. At least not in the foreseeable future. Merrill withdrew its Initial Public Offering (IPO) registration statement, reported the Associated Press. Citing Merrill’s Securities and Exchange Commission filing, it said the printer’s change of heart was due to “adverse market conditions.”

Tapella Named Public Printer

WASHINGTON, DC—Robert Tapella has been confirmed as the nation’s 25th Public Printer by President Bush. Tapella will oversee more than 2,200 employees at the U.S. Government Printing Office (GPO). Tapella has been instrumental in the GPO’s transformation into a profitable digital printing operation over the past five years in his roles as Deputy Chief of Staff, then Chief of Staff.

Ennis Rounds Up Companies

MIDLOTHIAN, TX—Business forms printer Ennis Inc. has acquired certain assets of Phoenix-based B&D Litho, as well as some assets and related real estate of Skyline Business Forms of Denver. The B&D Litho deal does not include B&D Litho California of Ontario, CA. The combined sales of the purchased operations were $25 million during the most recent 12-month period. Both companies will retain their trading identities as B&D Litho of Arizona and Skyline Business Forms.

Waldman Takes CGX Helm

DALLAS—Laura Waldman, a 10-year company veteran and a graduate of Consolidated Graphics’ Leadership Development Program, has been named president of CGX’s The Graphics Group. Waldman is one of 19 CGX company presidents who have graduated from its Leadership Development Program. She joined the company in 1997 after graduating from Texas A&M University.

Xerox Nets Navy Accord

STAMFORD, CT—Xerox and the U.S. Navy have agreed to terms of a five-year, $93 million contract that sees Xerox provide document support for the Navy’s fleet of 283 ships. As part of the deal, Xerox will provide installation, custom mounting, training, supplies and dedicated service worldwide for nearly 3,000 multifunction and production devices, as well as printer software. The Xerox Deployable Support Group, comprised of 51 Xerox personnel, will serve 260 surface ships and submarines docked in ports worldwide.

Williams Joins Compass Capital

EXTON, PA—Tom Williams, a longtime printing industry management and financial services provider, has joined Compass Capital Partners as a partner. Williams also boasts executive experience with PhoenixCor, GE Commercial Finance, U.S. Concord and P.C. Leasing. Compass Capital, which provides valuation, investment banking and advisory services to the industry, recently advised PhotoCraft of Portland, OR, when it was purchased by the IGH Solutions Business Unit of Taylor Corp.
 

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