Rhodes Printing Is Acquired
NEW YORK—The Windward Group, a private investment firm, has purchased Rhodes Printing Group, of Charlestown, IN. Rhodes prints advertising inserts for newspapers. It will be combined with Houston-based AdPlex, which provides a variety of advertising, planning and marketing services to retailers. Carl Rhodes, former co-owner of Rhodes Printing, will remain with the new company and will be based in Charlestown. He will serve as vice chairman of the new company and will focus on new business development.
Gretag Imaging Faces Problems
REGENSDORF, SWITZERLAND—The board of directors and the executive committee of Gretag Imaging Holding AG have found, during in-depth analysis and preparation for the planned restructuring of the Gretag Imaging Group, that the over-indebtedness after implementation was inevitable. As a consequence, the board of Gretag Imaging Holding AG has decided that it is no longer possible to justify continuing business as a group of companies. A solution is being sought to save those parts within the company, in particular Gretag Imaging AG, which could continue to operate.
Consolidation for Delphax
MINNEAPOLIS—Delphax Technologies plans to consolidate its North American manufacturing and engineering operations at its Mississauga, Ontario, facility located outside of Toronto. The operations are currently divided between Delphax's headquarters location in Minnetonka, MN, and the Mississauga facility, which the company acquired last December. The company's worldwide headquarters and sales, marketing and customer service functions will continue to be based in Minnetonka.
Quad Signs Long-term Contracts
PEWAUKEE, WI—Quad/Graphics ended the year 2002 having secured a total of $1 billion in new and renewed long-term contracts, the company reports. Among the publishers and catalogers with whom Quad/Graphics signed multi-year contracts in 2002 were Time Inc., U.S. News & World Report, Rodale Inc., Coldwater Creek, Smithsonian, Meredith Corp., Pottery Barn Kids and Orvis. In November, the printer began production on the January 2003 issue of one of the world's best-recognized magazines, National Geographic, using brand new equipment in its Martinsburg, WV, plant.
Leadership Changes at Van Son
MINEOLA, NY—Van Son has appointed Robert Speijer as president of Van Son Holland Ink of America. Van Son's most recent president, Joe Bendowski, after 40 years with the company, has decided to change his responsibilities within the company and begin his transition toward retirement. Speijer comes to Van Son with over 20 years of experience in management and marketing at the international level. In addition, John Sammis, as general manager, has been given overall responsibility for national sales of offset inks in America.