OSHA Fines WV Printer
CHARLESTON, WV—Chapman Printing has been assessed a $158,000 fine for 19 alleged safety violations by the U.S. Occupational Safety and Health Administration (OSHA), the Charleston Gazette reported. OSHA began an investigation last June in response to a formal complaint, the paper said. Six of the violations, termed "willful," account for $126,000 of the total amount.
DirectMail Buys Eagle Direct
PRINCE FREDERICK, MD—DirectMail.com, a provider of integrated direct marketing solutions, has acquired Eagle Direct, an Upper Marlboro, MD, direct mail shop specializing in personalized, multi-insert pieces. With the acquisition, privately held DirectMail.com will add key Eagle Direct staff members, including owner Deborah Albro, to its team. Albro will assume the title of vice president, customer service and operations.
More Cuts Slated for KBA
WÜRZBURG, GERMANY—Printing press manufacturer Koenig & Bauer AG (KBA) plans to cut an additional 300 million euros (more than $450 million) in costs by 2013 in an effort to offset flagging sales and right the ship toward profitability, Bloomberg.com reported. In an interview, KBA CEO Helge Han- sen said the company is now seeking 580 million euros in savings through 2012. By mid-year, 300 more positions will be eliminated at the company.
Council Aids Expansion
JEFFERSON CITY, MO—Command Web, a book printer that counts Scholastic among its publishing customers, got a boost from Jefferson City Council, which approved the sale of $22.5 million worth of taxable bonds to finance the company's expansion project. The initiative, which could create 50 or more jobs, includes a 45,000-square-foot expansion, KRCG-TV reported. A new printing press and binding line will be included in the project.
Printer Avoids Jail Time
NEW YORK—The head of a Long Island City printing company has pleaded guilty to grand larceny for defrauding two investors out of $145,000, the New York Post reported. Peter Saad, owner of Project 912, agreed to repay the money in exchange for a likely sentence of five years' probation. Saad made several false statements to two acquaintances in order to entice them into investing in Project 912.