UPFRONT
Standard Acquires Veitch
READING, PA—Standard Offset Printing has purchased Veitch Printing and Veitch Digital Partners for an undisclosed amount of cash, according to the Lancaster (PA) Intelligencer Journal. The deal creates a company with a potential for annual sales of $25 to $30 million.
NewPage Going Public
MIAMISBURG, OH—Coated paper manufacturer NewPage Group is planning an initial public offering, according to a filing with the Securities and Exchange Commission (SEC). The Associated Press reports that the offering price may be as much as $805 million. Some NewPage stockholders will sell shares as part of the IPO.
Impact Obtains ZipSort
MINNEAPOLIS—Direct mail marketing specialist Impact has acquired the statement processing, laser operation and lettershop capabilities of ZipSort Inc. Impact will bring all 102 ZipSort employees and equipment over to its operation. To support the new inhabitants, Impact will be adding 60,000 square feet to its facility. As part of the consolidation, which is expected to be completed by the end of 2008, Impact will continue to support current ZipSort clients and ongoing contracts.
Printer Adds XL 105 Presses
LOS ANGELES—Anderson Lithograph, a Cenveo company, has signed an agreement with Heidelberg to install two eight-color XL 105-8+LX sheetfed presses. They are expected to be installed and operational by July 31.
Grafitec, Adast Forge Deal
DOBRUSKA, CZECH REPUBLIC—KBA-Grafitec, KBA’s subsidiary here, has entered into a strategic alliance with Adast. According to the deal, Adast will discontinue the development, production and marketing of its own branded products to focus on providing KBA-Grafitec with parts and sub-assemblies. In exchange, KBA-Grafitec and other KBA production sites will purchase components from Adast when possible.
Partnership for Rider, SWO
CHICAGO—Printers Rider Dickerson and Service Web Offset have formed a mutual equity partnership. The firms purchased an equity interest in each other’s business as part of a long-term growth plan to specialize in turnkey print solutions. With the move, the two companies retain their independence and can offer web and sheetfed printing, binding and mailing.
