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.
NPES' Delmontagne to Retire
RESTON, VA—Regis J. Delmontagne plans to retire from his posts with several industry associations, including NPES The Association for Suppliers of Printing, Publishing and Converting Technologies, at the conclusion of 2005. He will remain as a consultant. Delmontagne joined NPES, then known as the National Printing Equipment Association, in late 1976 and was the association's first full-time executive. He will also be leaving the Graphic Arts Show Co. (GASC), where he has served as president, and the Graphic Arts Education & Research Foundation (GAERF).
IWCO Acquires Fala Direct
CHANHASSEN, MN—Direct mail services provider IWCO Direct has acquired the operating assets of Fala Direct Marketing, a direct marketing production services company based in Farmingdale, NY, with an additional facility in Melville, NY. The acquisition meets the stated goal of IWCO President and CEO Jim Andersen for an expansion into the Eastern portion of the country.
Von Hoffmann Bolsters Bindery
ST. LOUIS—Von Hoffmann Corp. has committed a $5 million investment that targets bindery equipment for its Jefferson City, MO, facility. Among the new gear: a high-speed Muller Martini Corona soft-cover perfect binding line and the integration of Smyth sewing into a bindery line.
Böwe Bell + Howell Obtains BCC