Transcontinental Lands Contract
MONTREAL—Transcontinental has signed a 10-year contract to print The New York Times beginning this fall. Transcontinental will produce 15,000 to 20,000 copies per day from Monday through Saturday and 30,000 to 35,000 on Sunday at its Interweb Toronto facility for the Ontario market, as well as the Buffalo and Rochester, NY, regions.
Paper Gets New Facility, Press
BATON ROUGE, LA—The Baton Rouge Advocate is making a MAN Roland Regioman web offset press the centerpiece of its new $40 million, 120,000-square-foot production facility that will be constructed later this year. The newspaper is making the switch from letterpress printing to the 4x1, digitally controlled web offset system.
Creo Shareholders OK Deal
VANCOUVER, BC—An overwhelming majority of Creo shareholders gave their blessing in late March for the company's pending acquisition by Eastman Kodak. Out of more than 33 million votes cast by shareholders, a resounding 99.8 percent voted in favor of the resolution. Another 97.8 percent voted in favor of waiving application of the shareholder rights plan. Pending final regulatory approvals, Kodak will pay $16.50 per share of Creo stock for a total of $980 million. The transaction is slated to be completed this summer.
Big Installation at Canadian Firm
WINDSOR, ON—Graphic design, Internet printing and service specialist VistaPrint will install a pair of MAN Roland presses at its new facility here, just south of Detroit. In all, VistaPrint ordered four 41˝ Roland 700 presses. The company currently operates two Roland 700 presses with in-line coating and perfecting capabilities at its production facility in Venlo, The Netherlands.
Ex-Color Arts Workers Cut Deal
RACINE, WI—A total of 215 former Color Arts employees received checks from the Wisconsin Department of Workforce Development (DWD) in a settlement of wage claims and plant closing violations by a former owner, the Milwaukee Business Journal reported. More than $1 million, or about $4,775 per employee, was dispersed to those employees who chose to accept the settlement offer stemming from last June's unannounced plant closing here.