Heidelberg Reaches Costs Pact
HEIDELBERG, GERMANY—In an effort to bolster its German manufacturing facilities, Heidelberger Druckmaschinen AG's management board and employee representatives reached a three-year agreement that will generate substantial cost savings without reducing its workforce. The pact, which runs through March of 2008, is expected to save the company about Euro 100 million.
St Ives Burrups Changes Name
PHILADELPHIA—Financial printer St Ives Burrups has changed its name to St Ives Financial, in an effort to support a major expansion program targeting key U.S. financial companies.
Vallis Forms Plants Closed Down
DALLAS—The end has come for Vallis Forms Service, a $57 million printer with locations in Baltimore; Glendale Heights, IL; and Cherryvale, KS. The forms portion of MLC Holding has been shuttered, costing approximately 200 employees their jobs. In making this move, the company cited a poorly performing business forms market. MLC's Metro Label division, with locations here, in Atlanta and Los Angeles, will remain in business.
Berlin Names New President
CAROL STREAM, IL—Tina Tromiczak has been named the new president of Berlin Industries. Formerly a senior vice president of operations for RR Donnelley's financial print business, Tromiczak replaces Ed Majerczak, a 28-year employee of Berlin who was promoted to vice chairman.
Hillsboro Changes Ownership
TAMPA, FL—Hillsboro Printing, a full-service commercial printer with $10 million in annual sales, has been sold by owner Leonard Levy to a group of investors that include two current employees. The new ownership group consists of Dick Lange, who becomes president; Jerry Bray, who assumes the role of executive vice president; and Brad Albertson, vice president of sales. The transaction was facilitated by Harris DeWese of Compass Capital Partners.
ColorGraphics Mourns Death
LOS ANGELES—Terry Bell, a familiar face within printing industry circles and former vice president of ColorGraphics, passed away at the age of 62. Mr. Bell was a longtime partner with his friend and current ColorGraphics president, Chris Madison. He joined ColorGraphics in 1978 after a stint as vice president of Continental Graphics. He is survived by his wife, Linda, two children and four grandchildren.