Year in Review: Not the Best of Times
Two more companies folded as the leaves began to change colors: Ramsey Press in Mahwah, NJ, along with Precision Technology of Pembroke, NH. Ramsey Press filed for Chapter 7 liquidation, while Precision Technology apparently closed without providing notice.
Consolidated Graphics (CGX) of Houston and its Nies/Artcraft subsidiary acquired certain assets of The Kohler Print Group and Pinnacle Press. The St. Louis subsidiary is now doing business
Francis Canzano Jr., the president of Acme Printing in Wilmington, MA, passed away after a long bout with cancer. He was inducted into the Hall of Fame in 1999.
It was business as usual for Worldcolor, which inked a multi-year deal with Macmillan to print more than 800 million major trade bestsellers, textbooks and mass market (paperback) books. The company also appointed Dan Scapin as president of Logistics and Premedia.
As the year drew to a close,
Canon raised some eyebrows when it agreed to acquire Océ for euro 8.60 per share cash, or euro 730 million (US $1.1 billion).
As the U.S. begins to take baby steps toward an economic recovery, it will be interesting to see which printing establishments share in the prosperity offered by 2010. The recessional catastrophe may be over, but now it’s time for companies to determine how hurt they really are...and whether there is a future for them at the printing table. PI