Pair Plead Guilty to Mail Fraud
CHESTERFIELD, MO—A printing broker and a manager for a printing company each pleaded guilty to fraud charges related to a kickback scheme, according to the St. Louis Business Journal. Aristotle Kumpis pled guilty to two felony counts of mail fraud and Louis Drago pled guilty to one count of mail fraud. Each reportedly faces a maximum sentence of 20 years in prison and/or a $250,000 fine per count, with mandatory restitution. A third participant in the kickback scheme, Elizabeth Richard, is awaiting sentencing on related charges.
Kodak Names Leadership Team
ROCHESTER, NY—Kodak's Graphic Communications Group (GCG) has announced its senior leadership team for the Graphic Solutions & Services unit. Jeff Jacobson is president of the unit. Creo President Judi Hess will be appointed general manager and vice president, Workflow & Prepress, following the completion of the acquisition of Creo sometime this summer. Venkat Purushotham has been named general manager and vice president, Digital Printing. Doug Edwards was named general manager and vice president, Consumables, while Andrew Copley was appointed managing director and vice president, Global Sales and Operations.
Harland Co. to Acquire Liberty
ATLANTA—John H. Harland Co. has signed a definitive agreement to acquire check printing specialist Liberty Enterprises, based in Mounds View, MN, in a cash for stock deal valued at around $160 million. The acquisition is subject to regulatory approval and is expected to close in late May or early June.
Curtis 1000 Closing Iowa Plant
MASON CITY, IA—Printer Curtis 1000 is closing its specialty products plant here toward the end of this month, the Mason City Globe Gazette reported. The closing of the plant, which has been in operation since 1972, will leave 39 jobless. Pi Cobert, corporate human resources manager for the Duluth, GA-based company, told the paper that work will be consolidated into other Curtis 1000 operations. Counting Mason City, the company has eight facilities in six states.