New Owner for Evergreen
BELLMAWR, NJ—Evergreen Printing has been acquired by Carmen Pinto, who assumes the role of company president. Pinto’s executive team features Jack Ricciuti, COO; John Dreisbach, vice president of sales and marketing; Steve Weissman, vice president of production; and Melissa Smith, vice president of administration.
Fire Strikes Trade Printer
LOS ANGELES—A fire at Systems Trade Printing caused an estimated $3.8 million in damages, with most of the damage being done to equipment and contents, KNBC-TV reported. One woman was taken to a nearby hospital with an undisclosed injury. According to KNBC, it took 125 firefighters 40 minutes to extinguish the blaze.
FSI Acquires Signal Franchise
MISSION VIEJO, CA—Franchise Services (FSI) has completed the acquisition of Signal Graphics, a printing franchise that operates 34 locations in 15 states. The Signal Graphics brand will become the fourth entity under the FSI umbrella, joining Sir Speedy, PIP and MultiCopy. FSI operates 600 locations in 13 countries.
M-real Sells Paper Business
METSA, FINLAND—M-real Corp., a subsidiary of MetsÃliitto Group, has signed an agreement to sell its graphic papers business to Sappi Limited for an enterprise value of 750 million euros. The deal consists of 500 million euros in cash and assumed debt, 200 million euros in a vendor loan note from Sappi to M-real and 50 million euros worth of newly issued shares in Sappi.
MEGTEC Switches Ownership
DEPERE, WI—Private equity firm Hamilton Robinson Capital Partners and the management team at MEGTEC Systems have acquired MEGTEC from parent company Sequa Corp. The deal includes all MEGTEC businesses, including the Printing Products Group and the Industrial and Environmental Products Group. MEGTEC will become a stand-alone company with no major change in management structure or day-to-day business operations.
Heidelberg Sells 100th XL 105
PORTLAND, OR—Image Graphics and Litho has purchased the 100th Speedmaster XL 105 sheetfed press sold in the United States, a five-color model with coater. Image Graphics is a general commercial shop that was founded in 1975.
Printers Receive Sappi Awards
CAPE TOWN, SOUTH AFRICA—Continental Colorcraft, of Monterey Park, CA, was one of nine worldwide printers honored October 3 at the Sappi 2008 International Printers of the Year awards gala, held here and sponsored by Sappi Limited. Continental brought home a cast-bronze elephant trophy in the brochures category. Also honored in the magazines category was Transcontinental’s Yorkville-O’Keefe facility, based in Toronto.