Banta to Sell Healthcare Group
MENASHA, WI—Banta Corp. has reached an agreement to sell the assets of single-use healthcare products subsidiary Banta Healthcare Group to an affiliate of Fidelity Capital Investors for $67 million in cash. The deal is expected to close by the end of the first quarter. Fidelity is a private equity investment division of Boston-based Fidelity Strategic Investments. In a separate deal related to the divestiture, Banta sold its warehouse in Rialto, CA, to a California real estate investment company for $7 million.
Phoenix Color Closes Division
CHICAGO—Phoenix Color has authorized the closure of its Book Technology Park division and the sale of its press and binding equipment to RR Donnelley, based here. The two companies also reached an agreement that sees the Phoenix Color book component division producing components for a number of Donnelley book plants. Phoenix Color will continue to manufacture book jackets, paperback covers, preprinted case covers, inserts, endpapers and heavily illustrated multicolor books.
GRACoL Developing Standard
ALEXANDRIA, VA—The GRACol (General Requirements and Applications for Commercial Offset Lithography) Committee, through the International Digital Enterprise Alliance (IDEAlliance), is conducting a series of press runs at various locations across the country to develop a new specification and working guidelines for consistent, high quality commercial color printing. The initial purpose of the press runs is to research and develop a clear description of how good commercial printing "appears" to the eye on a Number 1 sheet. The heart of the "print appearance" specification will be to develop a new characterization data set to replace DTR004.
Sun Chemical's Murphy Resigns
FORT LEE, NJ—Michael S. Murphy has resigned his post as president of Sun Chemical's North American Inks division for personal reasons. Wes Lucas, chairman, president and CEO of Sun Chemical, will assume primary operations responsibility until a new North American Inks president is named.