World Color to Acquire Century GraphicsMarch 1998
In conjunction with this acquisition, World Color has agreed to purchase four new MAN Roland Rotoman web offset presses for the World Color Book Services facilities in Taunton, MA, and Versailles, KY. Installation will begin this quarter.
The acquisition of Magna Graphic and the new presses demonstrate World Color's commitment to expanding its presence in the textbook market. Burton says World Color has "chosen to focus on the education market niche as it presents significant growth opportunities."
He notes several "positive influences affecting the education industry," including a "projected five-year population growth of compulsory and secondary school students" and the "expanding role of the United States as a major exporter of educational materials."