Phoenix Color

ARMONK, NY—Visant Corp., headquartered here, has agreed to pay $219 million to acquire Phoenix Color of Hagerstown, MD. A book component manufacturer serving the professional reference and education segments, Phoenix Color will operate as a wholly owned subsidiary of Visant. The all-cash deal, which is subject to customary closing conditions, was expected to be completed by the end of the first quarter. “(Phoenix Color’s) outstanding facilities...stand to further strengthen the efficiency and flexibility of our book component production platform, providing significant value to both companies’ publishing customers,” said Marc Reisch, CEO of Visant, in a statement. Visant is a marketing and publishing services

ARMONK, NY—Visant Corp., headquartered here, has agreed to pay $219 million to acquire Phoenix Color of Hagerstown, MD. A book component manufacturer serving the professional reference and education segments, Phoenix Color will operate as a wholly owned subsidiary of Visant. Phoenix Color also has a facility in Rockaway, NJ. The all-cash deal, which is subject…

HAGERSTOWN, MD—Book manufacturer and component producer Phoenix Color is embarking on a $5 million expansion project that will create 52 new jobs, according to The Associated Press.The new, standalone facility will be used for paper converting. The project is expected to be completed sometime in September, according to the AP.