ROCHESTER, NY—Quincy L. Allen has been named president of the Production Systems Group at Xerox Corp. He will be responsible for the company's high-end systems, software and service offerings for the graphic communications industry, including production publishing, transaction printing and enterprise-wide printing.
Wausau Paper to Buy Missota
MOSINEE, WI—Wausau Paper has reached an agreement to obtain the assets of Missota Paper, a specialty manufacturer of uncoated freesheet paper, for $9.6 million. The assets will become part of Wausau's Printing & Writing business segment upon closing of the deal, scheduled for mid-November. As part of the deal, Wausau acquires Missota's Brainerd, MN, mill. The facility includes two paper machines and finishing equipment.
Quebecor World Renews Program
MONTREAL—Quebecor World has renewed and amended its U.S. trade receivables securitization program. The $510 million program, which has been in place since 1999, has been extended through Sept. 28, 2005. The program has also been amended to give Quebecor World the option to extend the term of the program for an additional year. The renewal and amendment extend Quebecor World's liquidity horizon under the program to 24 months.