Donnelley Receives Award
CHICAGO—R.R. Donnelley has received the 2002 Better Business Bureau Torch Award for Marketplace Ethics from the Bureau’s Chicago and Northern Illinois chapter. R.R. Donnelley was recognized for demonstrating ethical practices toward customers, suppliers, co-workers and the community. An independent panel of judges from business and academia selected R.R. Donnelley as one of the winners in the large company (more than 7,500 employees) category. R.R. Donnelley, as well as the other local Better Business Bureau award recipients, will receive a nomination to the international competition for the Bureau’s Torch Award for Marketplace Ethics.
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.