Phototype Updates Facility
CINCINNATI—Queen City printer Phototype has taken the wraps off its newly renovated, 40,000-square-foot facility that will house its headquarters and creative imaging center. The existing facility, a historic building, received a multimillion dollar facelift that included a two-story addition. Phototype also operates an imaging center in Columbus, OH, and a high-end creative art studio in Chicago.
Quad Names Quadracci Sr. VP
SUSSEX, WI—Joel Quadracci has been promoted to senior vice president of sales and administration by Quad/Graphics, and has been named a member of the board of directors. Quadracci served as the company's vice president of print sales for the previous four years. Quad/Graphics also announced that Richard A. Burke has been elected chairman of the board of directors.
Agfa-Gevaert Acquires dotrix
MORTSEL, BELGIUM—Agfa-Gevaert Group announced it has acquired the assets and staff of dotrix NV, a Belgian-based manufacturer of digital color printing solutions, from Barco NV for around six million Euros. Dotrix, which generated roughly five million Euros in sales for 2003, will allow Agfa to take a position in digital printing markets and gain larger access to industrial printing niches such as decoration, packaging and security printing, according to Albert Follens, a member of Agfa's board of management and general manager of graphic systems.
Kodak Finalizes Scitex Deal
ROCHESTER, NY—Eastman Kodak has completed its acquisition of the assets of Dayton, OH-based Scitex Digital Printing (SDP) for $250 million from Scitex Corp. The deal is actually valued at $237 million because of SDP's cash balance of $13 million acquired at closing. SDP will now be called Kodak Versamark and will operate as a wholly owned subsidiary of Kodak. Nachum "Homi" Shamir, formerly president and CEO of SDP, joins Kodak Versamark as president.
Carl Gerhardt to Lead Allegra
TROY, MI—Printing franchisor Allegra Network announced that Carl Gerhardt has been named president. Formerly the company's vice president of franchise consulting, Gerhardt replaces Bill McIntyre, who has been promoted to chairman. McIntyre will continue to focus on acquisitions and new initiatives for Allegra Network. Gerhardt joined Allegra in 1985 when he and his wife, Judy, opened an American Speedy Printing Centers franchise.