Daly, Frontenac Seek Specialties
CHICAGO—Private equity investment firm Frontenac and Ronald Daly, former president of RR Donnelley Print Solutions, have created a business partnership to acquire and grow specialty printers and other print solutions companies. Daly worked with Donnelley for 38 years.
EPI Cos., Display Printers Merge
MARIETTA, GA—The EPI Companies, based here, has acquired Display Printers, a manufacturer of printed merchandising displays. EPI specializes in marketing support for corporate clients, including creative services, traditional and digital print, logistics, premiums and online solutions.
Unions Pressure Schawk
CHICAGO—With its Union Network International (UNI) Congress taking place here, about 100 labor delegates, union leaders and activists decided to pay an unscheduled visit to Schawk Inc.'s Windy City facility. The delegation popped in to protest what it considers "discriminatory, anti-worker behavior." The alleged infractions stemmed from Schawk's merger with Seven Worldwide, which reportedly caused layoffs and prompted the company to move some operations to a non-union facility.
Kodak Closing Creo Facility
ROCHESTER, NY—The former Creo printing plate manufacturing plant in Middleway, WV, became a victim of the rationalization activities being performed by its new owner, Eastman Kodak. The operation is due to be shuttered by the first quarter of 2006. Kodak acquired Kodak Polychrome Graphics and Creo earlier this year. Both companies manufacture and sell thermal and conventional plate products.
CGX Taps Cohen for M&A Work
HOUSTON—Consolidated Graphics (CGX) has added another tool to its M&A belt with the hiring of James Cohen as executive vice president of mergers and acquisitions. Cohen, 41, has a significant M&A background. He founded Main Street Equity Ventures II, a private equity fund specializing in industry consolidations. The Princeton graduate has also worked as a corporate attorney.
Setmasters Bought by Managers
HAMPSHIRE, UK—Collating equipment manufacturer Setmasters Ltd. has been acquired by company senior managers Chris Broomfield and James Clark, with the financial backing of the Fullers Group. Setmaster collators are distributed exclusively in North America by Vijuk Equipment of Elmhurst, IL.