WHITE PLAINS, NY—The shareholders of Paxar Corp. approved the merger deal with Avery Dennison and Alpha Acquisition, a wholly-owned subsidiary of Avery Dennison.Effective with last Friday’s closing, Paxar has submitted a request to the New York Stock Exchange (NYSE) for delisting.
WASHINGTON, DC—Several of the major label stock vendors are reportedly under investigation for price fixing by the U.S. Department of Justice (DOJ). Under investigation are Avery Dennison, Bemis, Morgan Adhesives (MACtac), Raflatac and UPM-Kymmene. The DOJ is trying to determine if the companies raised, fixed and maintained the prices of self-adhesive label stock from January 1, 1999, to the present. News of the investigation and suit began back in April when Avery announced that the DOJ had begun a criminal investigation into competitive prices in the label stock industry and would shortly subpoena the company in connection with that investigation. Bemis followed Avery and announced that
Ricoh Corp. has aligned with UNIX and Linux software developer Codehost Inc. Ricoh will offer its customers and dealers BrightQT, Codehost's suite of Linux and UNIX-based printing tools, for use with Ricoh networked output devices. Creo Inc. has received ISO-14001:1996 certification for environmental management of its Canadian operations. This completes environmental management certification for both of the Creo design and manufacturing operations. Creo operations in Israel recently underwent recertification for ISO-14001—a standard first achieved in February 2001. KBA North America has promoted Evan Heise as its sales representative for a six-state region, including Montana, Utah, Wyoming, Colorado, Idaho and New Mexico. Heise is now
By Erik Cagle Say what you want about 2002, but very shortly you'll be able to say these two magic words: it's over. By nature, printers are optimists. So are trade magazine journalists. Thus, coming off a dreadful 2001, horribly punctuated by a reeling economy and the September 11 attacks, most industry people were forecasting a much-improved 2002. No one was ready to pop the champagne cork, but a marked improvement was in the offering, with a strong economic rebound catapulting revenues heading into 2003. Better days, like Godot, never arrived. To say 2003 cannot be any worse than 2002 is tantamount to whistling
BY ERIK CAGLE Donald Belcher was groomed for success long before he was named Banta Corp.'s chairman, president and CEO in 1995. He was ready to assume the necessary leadership role even before his successful 24-year stint with Avery Dennison. Degrees from Dartmouth, Stanford business school and two years on active duty in the Army—sure, they all helped Belcher mold the core competencies that would make him a success story in the commercial printing industry, and an inductee into the 2002 Printing Impressions/RIT Printing Industry Hall of Fame. But the nuts and bolts, the morals and values Belcher required to position the Menasha, WI,
MENASHA, WI—The leadership torch at Banta Corp. has been passed with the announcement that Stephanie A. Streeter has been named president and CEO effective October 1. She assumes the helm from Donald D. Belcher, who will continue to serve as chairman of the board until his retirement in April, 2004. Streeter, 44, has served as Banta's president and chief operating officer since January 2001. According to Belcher, her promotion is the culmination of a leadership transition that began two years ago. "Since Stephanie joined Banta in January 2001, she has done an outstanding job of guiding our global operations through a very challenging economic
Philadelphia--Four exceptional production executives will be inducted into the Printing Impressions/Rochester Institute of Technology Printing Industry Hall of Fame at the 15th Annual Gold Ink Awards Reception and Banquet, to be held October 7, 2002, in the McCormick Place Grand Ballroom during Graph Expo and Converting Expo 2002 in Chicago. For seating availability, contact Michael Cooper at 888-627-2630 or mcooper@napco.com. DONALD BELCHER is chairman of Banta Corp. Prior to joining the Menasha, WI-based printer in 1995, Belcher spent 24 years with Avery Dennison. When the opportunity to take the helm at Banta presented itself, it fulfilled Belcher's dream of leading a publicly held company.
