Kinko's Buys ImageX
DALLAS—Kinko's has acquired ImageX for approximately $16.5 million in cash. ImageX finished the fourth quarter with $12.3 million in cash and total assets of $25.2 million. Kinko's will use ImageX's technology to enhance its DocStore and Kinkos.com offerings. Kinko's does not now offer an online system by which customers can order business cards or stationery. But that will change once the acquisition is completed.
Watchtower Adds Web Presses
WESTMONT, IL—The Watchtower Society of the Jehovah's Witnesses is set to install seven MAN Roland Lithoman web presses in July, with two going to the U.S. and one each slated for Mexico, Brazil, England, South Africa and Japan. Each is a single-web, four-unit system in a 64-page configuration, capable of operating at speeds of up to 45,000 cylinder revolutions per hour. The new presses are slated to produce the society's two leading publications.
Cereus Celebrates Anniversary
PHOENIX—To celebrate its 30th anniversary, Cereus Graphics held an open house recently. In addition to providing an opportunity to show off the company's state-of-the-art, 37,000-square-foot plant, the event featured demonstrations of the company's new six-color Komori Lithrone S40 sheetfed press and seven-color HP Indigo 3000 digital press capable of variable data printing.
Crabar/Witt Buys Company
KANSAS CITY, MO—Amvest Financial Group, a national investment banking firm specializing in the printing industry, has announced the completion of the sale of its client, Edison Business Forms of Edison, NJ, to Crabar/Witt, Dayton, OH. Edison provides medium- to long-run unit sets and continuous sets, business form design, prepress, printing and collating of multi-part forms.
Flint Ink Launches Company
ANN ARBOR, MI—Flint Ink has created Jetrion, a new global company providing a full range of industrial ink-jet products, services and custom printing solutions. Reportedly, Jetrion will provide a unique combination of ink, hardware, software and services for continuous ink-jet (CIJ) and drop-on-demand (DOD) applications.