InnerWorkings Acquires Edge
CHICAGO—Managed print solutions provider InnerWorkings has signed a definitive agreement to acquire Corporate Edge of New York City. Corporate Edge is a national distributor of promotional products that posted sales of $59 million in 2006.
Goto Takes Ricoh U.S. Helm
WEST CALDWELL, NJ—Some executive changes are taking place at Ricoh Americas, where Norihisa Goto has slid into the role of chairman and CEO. Goto will also continue to serve as president and CEO of Ricoh U.S. Susumu Ichioka, incumbent chairman and CEO of Ricoh Americas, has assumed a significant position with its Tokyo-based parent, Ricoh Co.
Verso, Unions Reach Accord
BUCKSPORT, ME—Verso Paper mill and three unions representing a lion’s share of the nearly 800 workers here ratified a four-year contract to avoid a strike, the Bangor (ME) Daily News reported. Members of the United Steel Workers, International Brotherhood of Electrical Workers and the International Association of Machinists and Aerospace Workers ratified the pact.
Security Changes for $5 Bill
WASHINGTON, DC—Abraham Lincoln will be surrounded by color when the Federal Reserve circulates a new $5 bill in March. The splashes of purple and gray, along with some high-tech features, are aimed at frustrating counterfeiters. Initially not slated for a makeover, the government had a change of heart with the realization that counterfeiters were bleaching the $5 bill and printing fake $100 bills with the bleached paper. A number of the security features were in the same locations on both denominations.
New Division for HudsonYards
NEW YORK—HudsonYards has opened a new division, Studio Services, which supports the creative process in the distribution of electronic mechanicals to printers or other media providers. HudsonYards previously offered these services via customer on-site locations.
GPO Production Head Retires
WASHINGTON, DC—Bob Schwenk, the managing director of plant operations for the U.S. Government Printing Office (GPO), has retired after 45 years with the organization. Schwenk oversaw roughly 1,200 employees and all legislative printing services for Congress.