Dallas Printers Agree to Merge
DALLAS—Impression Graphics and Ussery Printing have agreed to merge, with the company operating under the name of Ussery Printing. The combined companies have 76 employees and roughly $11.7 million in annual sales. The company will be able to produce small- and large-format printing.
Quad/Graphics Signs Extension
SUSSEX, WI—Quad/Graphics will become the exclusive printer for U.S. News & World Report in January 2005 after the two parties reached an accord on a contract extension. Quad will print 2.2 million weekly copies of the publication for distribution throughout the United States. The work will be produced entirely at Quad facilities in Saratoga Springs, NY, and at Oklahoma City.
Mail-Well Settles Lawsuit
ENGLEWOOD, CO—Mail-Well Inc. has settled a lawsuit brought forward by a former employee contesting the termination of his employment. A jury in California Superior Court awarded the employee a $5.3 million judgment, and Mail-Well decided to avoid the expense and risk of further litigation by settling. Due to the settlement, Mail-Well will absorb a charge of $3.2 million for the fourth quarter of 2003, which reflects the costs of litigation and settlement net of tax effects.
RRD, Moore Wallace Deal Official
CHICAGO—The merger between Windy City printing king RR Donnelley and Moore Wallace is official, creating the largest printing services provider in North America. Under terms of the agreement, all outstanding shares of Moore Wallace common stock will be exchanged for shares of RR Donnelley common stock based on a fixed exchange ratio of 0.63 of an RR Donnelley share for each Moore Wallace share. Additionally, Donnelley announced it was changing its trading symbol from DNY to RRD.
Allegra Facility Adds Printmaster
ORLANDO, FL—Franchise printer Allegra Print & Imaging, based here, has taken a step toward commercial-quality work with the installation of a Heidelberg Printmaster 52 press. It is being touted as the first machine of its kind installed in the United States. The unit will help Allegra Print & Imaging, a member of the Allegra Network, churn out marketing materials, annual reports, posters and brochures.