Flint Ink, XSYS Print Merge
ANN ARBOR, MI—Flint Ink and XSYS Print Solutions of Stuttgart, Germany, have agreed to merge. The combination creates a global ink supplier with revenues of roughly $2.6 billion and with about 8,000 employees. Pending regulatory approval, the deal is slated to be finalized around September 30. XSYS was created by the 2004 merger of BASF Printing Systems and ANI Printing Inks.
Finnish Paper Lockout Ends
HELSINKI, FINLAND—Finland's major paper manufacturers and unions representing more than one million forest industry workers finally reached a labor agreement after being urged to return to the negotiating table by Finland Prime Minister Matti Vanhanen. The three-year pact ended a lockout that began May 18.
Former Print Shop Owner Passes
PHILADELPHIA—Stephen Marcus, founder of Mars Graphic Services (now owned by Harte-Hanks Inc.), passed away at the age of 73. Mr. Marcus is known for installing an illuminated sign that read, "One Nation, Under God...Indivisible," atop his Westville, NJ, shop. Mars merged with DiMark Inc. in 1989, which was sold to Harte-Hanks in1996.
ColorGraphics Nets George Rice
LOS ANGELES—The venerable, family owned ColorGraphics has strengthened its position in the City of Angels with the acquisition of George Rice & Sons, also of Los Angeles, from Montreal-based Quebecor World. In May, Quebecor World announced it was selling off portions of its commercial group not considered core businesses.
Boyer Printing Closes Doors
LEBANON, PA—Boyer Printing, a 99-year-old commercial printer, closed its doors, leaving 44 people without jobs, WGAL-TV in Lancaster, PA, reported. The only advance warning given to employees was a letter posted the previous day, according to the station. Boyer provided offset and digital printing, and sold office furniture and supplies.
Flint, 66, Retired CEO of Flint Ink
ANN ARBOR, MI—H. Howard Flint II, chairman and retired CEO of Flint Ink and the grandson of its founder, passed away recently after a brief illness. He was 66. Mr. Flint assumed a number of roles before becoming chairman and CEO in 1992.