CLEVELAND

Proforma, a leading North American provider of graphic communications solutions, is pleased to welcome five new offices to our network. Proforma owners, with state-of-the-art technologies, enable their clients to grow with innovative marketing solutions such as direct mail, promotional products, eCommerce solutions, commercial printing services, multimedia services and business document printing.

For commercial printers Ralph Stewart and Steven Reiss, job profitability is up, customers get orders faster than ever and employees are more efficient because of online support and personalized attention from a core supplier.

IT’S HARD not to automatically view everything through the frame of the current economic climate. In most cases, however, the business challenges companies are struggling with were preexisting conditions that have now been greatly amplified. The trend toward print buyers, at every level, cutting back their order quantities is a case in point.

Wayne Angstrom, chairman and CEO of St Ives U.S., spearheaded the management-led buyout of the division from St Ives plc of London. The deal is valued at $39 million, including $34 million in cash. The consideration included a $5 million secured promissory note.

HOLLYWOOD, FL—Wayne Angstrom, chairman and CEO of St Ives U.S., is heading the management-led buyout of the division from St Ives plc of London. The deal is valued at $39 million, of which $34 million in cash will be paid upon completion. The consideration also includes a $5 million secured promissory note. The deal is expected to be completed January 21.

Printing Impressions' Supplier News Commercial Printing News for 2008

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