RRD to Sell Package Logistics
CHICAGO—RR Donnelley has reached an agreement to sell its package logistics business to Heritage Partners, a Boston-based private equity firm that is the principal owner of American Package Express. Under terms of the agreement, Donnelley will receive cash in exchange for the assets and liabilities of its package logistics business, which includes CTC Direct, a wholly owned subsidiary. The deal, which is expected to close by the end of the third quarter 2004, does not affect Donnelley's print logistics, fulfillment or distribution operations.
Quad to Print Return of LIFE
SUSSEX, WI—When LIFE makes its return in October as a weekend magazine, Quad/ Graphics will provide a majority of the print production. The magazine, which will be distributed in Friday newspapers nationwide, will see slightly more than half of the 12 million copies produced in three Quad plants. LIFE is the fifth weekly produced by Time Inc. Quad also prints the other four—Sports Illustrated, People, Time and Entertainment Weekly.
Cadmus Offers Digital Solution
RICHMOND, VA—Cadmus Communications has released dPub, an interactive, multimedia digital publication product. dPub's rich media experience for readers helps to enhance the effectiveness of content. dPub uses Adobe Acrobat 6.0 and does not require additional software downloads or plug-ins.
Presstek Finishes Precision Deal
HUDSON, NH—Digital imaging solutions provider Presstek has closed on a deal to acquire Precision Lithograining of South Hadley, MA, for $12.3 million in cash. Precision Lithograining was one of the largest independent plate manufacturers in North America and Presstek's manufacturing partner for its Anthem and Freedom printing plates. The companies will maintain their respective operations, with Precision Lithograining operating as a wholly owned subsidiary of Presstek.
Xerox Manages RNC, DNC Docs
ROCHESTER, NY—Xerox Corp. was chosen to produce and manage more than 10 million documents in on-site print centers at the 2004 Democratic and Republican National Conventions. Both parties used Xerox high-speed digital color and black-and-white printing technology, advanced multifunction systems, supplies, paper and 24-hour support at their conventions.