Struggling AGT Mulls Selling Out

NEW YORK—One of the most prominent players in the graphic arts business is looking into the possibility of selling off its struggling operation.

New York-based Applied Graphics Technologies (AGT), on the heels of widening operating losses due to difficulties with integrating two of the company's recent acquisitions, has appointed a new CEO and engaged an investment banking firm to "explore strategic alternatives to enhance value for its shareholders, including the possible sale of the company," officials say.