Slumping Banta Restructuring Groups
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MENASHA, WI—With its shares languishing at a two-year low and profits down 52 percent in the second quarter, Banta Corp. announced it was reorganizing its print sector in order to cut costs and provide long-term stability.
Second quarter earnings plummeted from $33.8 million in the second quarter of 2005 to $16.1 million in 2006. The sale of its health care business fueled its 2005 performance.
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- People:
- Stephanie Streeter
- Places:
- Menasha, WI
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