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UPFRONT

August 2005
Flint Ink, XSYS Print Merge

ANN ARBOR, MI—Flint Ink and XSYS Print Solutions of Stuttgart, Germany, have agreed to merge. The combination creates a global ink supplier with revenues of roughly $2.6 billion and with about 8,000 employees. Pending regulatory approval, the deal is slated to be finalized around September 30. XSYS was created by the 2004 merger of BASF Printing Systems and ANI Printing Inks.

Finnish Paper Lockout Ends

HELSINKI, FINLAND—Finland's major paper manufacturers and unions representing more than one million forest industry workers finally reached a labor agreement after being urged to return to the negotiating table by Finland Prime Minister Matti Vanhanen. The three-year pact ended a lockout that began May 18.

Former Print Shop Owner Passes

PHILADELPHIA—Stephen Marcus, founder of Mars Graphic Services (now owned by Harte-Hanks Inc.), passed away at the age of 73. Mr. Marcus is known for installing an illuminated sign that read, "One Nation, Under God...Indivisible," atop his Westville, NJ, shop. Mars merged with DiMark Inc. in 1989, which was sold to Harte-Hanks in1996.

ColorGraphics Nets George Rice

LOS ANGELES—The venerable, family owned ColorGraphics has strengthened its position in the City of Angels with the acquisition of George Rice & Sons, also of Los Angeles, from Montreal-based Quebecor World. In May, Quebecor World announced it was selling off portions of its commercial group not considered core businesses.

Boyer Printing Closes Doors

LEBANON, PA—Boyer Printing, a 99-year-old commercial printer, closed its doors, leaving 44 people without jobs, WGAL-TV in Lancaster, PA, reported. The only advance warning given to employees was a letter posted the previous day, according to the station. Boyer provided offset and digital printing, and sold office furniture and supplies.

Flint, 66, Retired CEO of Flint Ink

ANN ARBOR, MI—H. Howard Flint II, chairman and retired CEO of Flint Ink and the grandson of its founder, passed away recently after a brief illness. He was 66. Mr. Flint assumed a number of roles before becoming chairman and CEO in 1992.

Creo Officially in Kodak Family

ROCHESTER, NY—The finishing touches have been put on the nearly billion-dollar deal uniting Creo with Eastman Kodak. The deal has met with all of the necessary regulatory approvals, and Creo shareholders will receive $16.50 per common share, for a total of $988 million. Creo is now part of Kodak's Graphic Communications Group (GCG).

Knight Receives Jail Time, Fine

PHILADELPHIA—Janice R. Knight, owner of RPC Printing, was sentenced to five and a half months in prison and fined $100,000 for lying to the FBI, stemming from the city's pay-to-play trial. She is free pending an appeal.
 

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