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UPFRONT

October 2006
Lee Sheds Commercial Assets
DAVENPORT, IA—Lee Enterprises is divesting its standalone publishing and commercial printing operations in the Pacific Northwest and a twice-weekly newspaper in Oregon via asset sales to different buyers. The deals involve three buyers and were expected to be completed by early this month. The aggregate price of the Pacific Northwest properties (which include several Websites) is approximately $51 million.

Three Printers Join Forces
MARLBOROUGH, MA—Three independent printing firms—Pendleton Printers, Reservoir Printing and Apex Press—are being merged into a new company called Synergy Graphic Solutions. The company is owned by Doug Pendleton, president of his namesake company. Pendleton Printers and Apex Press will move their operations to Reservoir’s facility here, with virtually all employees being retained. The new company will specialize in color and black-and-white digital, offset and wide-format printing.

DAY Swings Duco Deal
DAYTON, OH—DAY International has signed a deal to acquire Duco International, a printing blanket manufacturer with facilities in Slough and Swindon, England. Completion of the deal is pending approval from the competitive trade authorities in Great Britain and Germany, as well as final approval of DAY’s financing.

Transcontinental Nets Publisher
MONTREAL—Transcontinental Inc. has acquired French-language educational resources publisher Cheneliere Education. Cheneliere is involved in the creation, development, adaptation, translation, publishing, promotion and distribution of educational resources. There are more than 5,500 titles in Cheneliere Education’s catalog. The company employs about 190 people and posts nearly C$50 million in annual revenues.

Advanced Builds New Plant
HARRISBURG, PA—Commercial printer Advanced Communications is building a 215,000-square-foot facility that will create at least 86 new jobs here over the next three years. The new plant will have space available for other tenants to lease, according to Pennsylvania Governor Ed Rendell’s office. The total cost of the project is $28 million, $3 million of which will equip the facility with new presses and related equipment to be determined.

Former Company Owners Sued
CANTON, OH—The now-closed Seiple Lithograph and its two former top executives are being sued by former company employees who claim Seiple funds were misused, according to a report in the Akron Beacon Journal. The class-action lawsuits allege Mark and Robert Schumacher used company funds and the corporate jet for their personal use as the firm reduced employee wages and benefits, the paper reported. Seiple closed its doors August 3 after efforts to sell the company failed, ex-President Mark Schumacher told the Journal.
 

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