Xerox Corp. has received the 2003 IEEE Corporate Innovation Recognition award for its work that created the DocuTech product line. The IEEE recognized Xerox “for its DocuTech product line, which unified digital electronics, computing and communications with xerography to create the print-on-demand industry,” says Michael Adler, IEEE president.

X-Rite Inc. has acquired the assets of Monaco Systems, a Massachusetts-based company that develops and distributes color management software to the graphic arts and photo markets. This $10.6 million asset purchase, funded by a combination of cash and stock, (some of which is subject to certain vesting requirements), includes the entire Monaco line of color management products, all intellectual property and operating assets.

Enovation Graphic Systems announced the acquisition of graphic arts distributor London Litho Aluminum. Headquartered in Lincoln-wood, IL, London Litho also has branches in New Berlin and Neenah, WI; Fort Wayne and Indianapolis, IN; Grand Rapids and Detroit, MI; and New Brighton, MN.

Linda Welty has been named COO for Flint Ink, responsible for the company’s ink manufacturing operations on a global basis. Welty comes from H.B. Fuller, of Saint Paul, MN, where she served as group president and general manager of H.B. Fuller’s Full-Valu and Specialty Group.

Koenig & Bauer AG (KBA), the parent company of KBA North America, has announced that Albrecht Bolza-Schunemann has been named president of the company, replacing

Reinhart Siewert, who retired in June after eight years as president and nearly 25 years on the firm’s board of directors. Claus Bolza-Schunemann, Albrecht’s younger brother, has been named deputy president of the firm. In other news, the company has acquired Bauer+Kunzi, a manufacturer of metal decorating presses.

Presstek Inc. reports that Al Nimmo has joined the company as regional sales manager, on-press, for the Midwest region. Prior to joining Presstek, Nimmo was a regional sales manager at xpedx.

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