Ex-President Rosenthal Dies
BLUE ASH, OH—Roughly two months after his family founded printing company went out of business following more than 100 years of operation, fourth-generation owner Tomme Rosenthal passed away at the age of 80. Mr. Rosenthal, who led S. Rosenthal Printing Co. prior to retiring in the 1990s, died while in the care of Hospice of Cincinnati, the Cincinnati Enquirer reported. The company closed in April, due largely to the loss of a contract to print TV Guide.
New Mailing Facility for Banta
BOLINGBROOK, IL—Banta’s Publications Group has cut the ribbon on a new, multi-million dollar distribution center here that will provide co-mailing services. The service will provide savings for special interest magazine publishers by merging different magazines into a common mail stream, providing substantial postal discounts. Publishers in the short-run, special interest magazine market will reportedly benefit from Banta’s competitive and flexible co-mailing solutions.
Cadmus Grows KGL Operations
RICHMOND, VA—Cadmus Communica-tions, through its wholly owned subsidiary, KnowledgeWorks Global (KGL), has added significant capacity to its operations at two facilities in India, Mumbai and Chennai. KGL’s staffing, which grew from 80 employees in 2003 to more than 550 today, plans on adding 350 more associates following a May expansion. The added capacity is a result of the strong organic and new business growth in Cadmus’ scholarly, educational and magazine publishing markets.
IP Sells Coated, SC Paper
STAMFORD, CT—International Paper has agreed to sell its coated and supercalendered papers business to CMP Holdings for about $1.4 billion. The business includes two mills in Maine and one each in Michigan and Minnesota, which combined for $1.6 billion in sales in 2005. The purchase price consists of roughly $1.37 billion in cash and $30 million in the form of a 10 percent stake in CMP Investments, parent company of CMP Holdings. IP also sold its kraft papers business to Stone Arcade.