Flat Revenues Stall Banta Profits
MENASHA, WI—Banta Corp.'s sales for the third quarter were $352 million, equal to sales reported in the same period last year. Banta's print sector reported lower sales and operating earnings in the third quarter than during the same period in 2002. Half of the decline in print sector earnings was attributable to the consumer catalog division's delayed consolidation and modernization project.
Von Hoffmann Completes Deal
ST. LOUIS—Von Hoffmann Corp. has completed the previously announced acquisition of The Lehigh Press, headquartered in Pennsauken, NJ. Lehigh's operating platform includes Lehigh Lithographers, which manufactures book components and provides digital premedia services, as well as Lehigh Direct, a leading direct marketing printer based in Broadview, IL.
CGX Reports Q2 Performance
HOUSTON—Consolidated Graphics' second quarter revenues were $174.6 million, compared to $165.8 million in the June quarter and $181.8 million a year ago. Net income for the September quarter was $4.8 million, compared to $3.6 million in the June quarter and net income of $5.4 million a year ago.
Pollard Group Adds Komori Gear
TACOMA, WA—The Pollard Group has installed two new Komori presses: a four-color Lithrone 40 and a six-color Lithrone 28 perfector with in-line coater. Both new Komori presses employ Komori's PDC-S scanning spectrodensitometer.
Standex Int'l Exits Printing
SALEM, NH—Standex International has tentatively decided to close its Cincinnati-based Standard Publishing division's printing operations and cease its commercial printing business. The termination of operations is expected to be concluded by March 31, 2004. The action is expected to eliminate approximately 60 jobs.
Printer Purchases New Stackers
LAS CRUCES, NM—Intermountain Color/IMC Web Graphics has purchased two Gämmerler STC-700 compensating stackers. The new stackers will be used in two of the company's nine operations centers, including the plant here.
Webcrafters Adds Case Binding
MADISON, WI—Webcrafters Inc., a primarily four-color book manufacturer, has purchased a Kolbus Compact 60 casing-in line. Webcrafters has also acquired two McCain sewers (to specifically meet NASTA specifications for educational publishers) and will also offer adhesive case binding. These offerings add to Webcrafters' existing perfect, saddle stitched and spiral binding options.
Florida Company Goes Digital
DAYTONA BEACH, FL—Direct Mail Express has purchased three DocuColor iGen3 digital production presses from Xerox Corp., with another on order, to grow the digital color printing segment of its business.