Xeikon to Sell Assets, Liquidate
MORTSEL, BELGIUM—Xeikon's board of directors, along with officers appointed by the Antwerp Court of Commerce, have determined that the company cannot obtain new capital within its creditor protection timeframe. Thus, the company is now considering sale offers for its assets and activities. Upon completion of the sale, the digital color and black-and-white printing systems manufacturer will be put into liquidation, with proceeds from the sale applied toward outstanding debt. Xeikon, which applied for creditor protection last November, was also informed by the Nasdaq that it will delist the company's securities from its system.
Danner Press May Close Doors
CANTON, OH—Danner Press, one of four commercial printing plants owned and operated by private firm Hess Management, reportedly will close forever February 15 if a buyer is not found. The closing would result in the loss of more than 350 jobs. Hess Management also owns The Press of Ohio in nearby Brimfield and two D.B. Hess Co. plants in Illinois.
PIA Seeking CEO for 2003
ALEXANDRIA, VA—With Printing Industries of America President Ray Roper retiring in April 2003, the PIA and Graphic Arts Technical Foundation announced the search for a single CEO for the two organizations. Robert E. Murphy, chairman of the Japs-Olson Co., St. Louis Park, MN, has agreed to chair the selection committee.
Edwards Unveils Digital Center
CHICAGO—Edwards Brothers, of Ann Arbor, MI, has installed a digital printing center at the University of Chicago. It is said to be the first such center to be operated through an American university press and the third such center for Edwards Brothers, which has one at its headquarters and another in the warehouse of customer Rowman & Littlefield, Blue Ridge Summit, PA. Called the Chicago Digital Distribution Center (CDDC), it will serve the University of Chicago Press and other scholarly presses served by the Chicago Distribution Center.