RRD Names Richter New CFO
CHICAGO—Glenn Richter, former CFO for Sears, Roebuck and Co., has been named to fill the same role for RR Donnelley effective April 1. Richter replaces Kevin Smith, executive vice president and CFO. Richter brings big-name corporate experience to the Donnelley fold. Prior to joining Sears, he held several senior financial positions with Dade Behring Holdings. He also served various roles with PepsiCo Inc. and was a consultant with McKinsey & Co.
Times Taps Goss for Controls
NEW YORK—Six New York Times printing facilities are slated to receive press controls and digital inking as part of a phased press upgrade initiative. The enhancements will take place at the following facilities: Ocala, FL; Gainesville, FL; Lakeland, FL; Wilmington, NC; Spartanburg, SC; and Santa Rosa, CA. Since 2002, the New York Times has ordered more than 350 printing couples of Goss Digital Inking.
CGX Completes Kelmscott Deal
HOUSTON—Consolidated Graphics (CGX) has completed the acquisition of Kelmscott Communications, a former industry consolidator consisting of seven companies in five Midwest and West Coast states. Terms of the deal were not disclosed. The Kelmscott companies—Anderson Printing in Hollywood, CA; CDS Publications in Medford, OR; Maximum Graphics in Minneapolis; Orange County Printing in Irvine, CA; Printing Control Graphics in Seattle; and Watermark Graphics in San Francisco—registered $100 million in annual sales.
Bowne Relocating Headquarters
NEW YORK—Bowne & Co. is moving its home office from 345 Hudson St. to 200,000 square feet of space at 55 Water St. The move is scheduled for January of 2006. The move emphasizes the company’s commitment to the city and its revitalization of lower Manhattan. New York City’s largest office structure, 55 Water St. recently underwent a $156 million base-building renovation that included a massive restructuring of its technology infrastructure.
Neenah to Close Canadian Mill
ALPHARETTA, GA—Neenah Paper intends to close the smaller of its two pulp mills at its Terrace Bay, ON, pulp operation. The No. 1 mill, originally built in 1948, has annual capacity of approximately 125,000 metric tons of pulp. About 130 jobs will be impacted by the closure.