Cadmus Forges Asian Deal
RICHMOND, VA—Cadmus Communications has signed a deal with Periscope Inc. of Minneapolis to form a worldwide print management solution for retailers and consumer product companies, called PeriscopeCadmus, based in Hong Kong. The new entity will integrate Cadmus Specialty Packaging’s global packaging network with Periscope’s design and prepress capabilities.
Reynolds Bought Out by UCS
KETTERING, OH—Reynolds and Reynolds has given the nod to a $2.8 billion buyout by rival Universal Computer Systems (UCS). The deal, which includes the assumption of debt, sees Reynolds and Reynolds shareholders receiving $40 cash per share. The merged company will be called The Reynolds and Reynolds Co., with products and services of both companies marketed under the Reynolds brand. The UCS brand will be discontinued.
Workflow Sells Relizon Canada
GREENWICH, CT—Workflow Management has signed a share purchase agreement to sell 100 percent of the outstanding stock of Relizon Canada to The DATA Group Income Fund. Workflow Management, which provides document and business process outsourcing services, acquired its interest in Relizon Canada in November 2005 when it obtained Relizon Co. from The Carlyle Group.
Advertising Materials Draw Suit
JACKSONVILLE, FL—Five motorists here are taking a Pitney Bowes subsidiary to court for placing advertisements inside their automotive registration packets, the Associated Press reported. The suit alleges Imagitas used personal information provided by the Florida Division of Highway Safety and Motor Vehicles to “target and distribute advertising materials.” A lawyer for the plaintiffs claims that the use of motorists’ names and addresses for commercial use is a violation of the federal Driver’s Privacy and Protection Act.
Pictorial Gains SFI Certification
CARLSTADT, NJ—Pictorial Offset has achieved Sustainable Forestry Initiative (SFI) chain-of-custody certification. The printer is reportedly the first printer in the world to gain certification through SGS, the same accrediting body that certifies for the International Standards Organization.
Adast Returns to U.S. Market
ADAMOV, CZECHOSLOVAKIA—With a history dating back to 1952, Adast’s main product line today consists of 20.5˝, 26˝ and 29˝ sheetfed offset presses. The presses, which will be displayed at Graph Expo next month, incorporate automation features such as vacuum feeders, semi-automatic plate changers, three axis register adjustment, ink and blanket washers, and IR dryers. Adast is now targeting the U.S. market, wanting to recapture the sales success it had several years ago with former partners Royal Zenith and Omnitrade (Omni-Adast presses).