Mark Michelson is the Editor-in-Chief of Printing Impressions. Serving in this role since 1985, Michelson is an award-winning journalist and member of several industry honor societies. Reader feedback is always encouraged. Email mmichelson@napco.com
An early industry adopter of inkjet printing, Christine Soward has lead DMS ink's transition from a one-time lettershop to a leading data services, digital printing and fulfillment provider. Even broader business opportunities have been created by DMS' recent installation of full-color Océ ColorStream 3900 and Océ VarioPrint i300 production inkjet presses from Canon Solutions America.
Bankrupt printer Standard Register is seeking an extension for the formal filing of its Chapter 11 plan. The company filed a motion in U.S. Bankruptcy Court for the District of Delaware, seeking an additional 90 days to file its plan.
The settlement, filed with the U.S. Bankruptcy Court last Friday, sees the official committee of unsecured creditors dropping any and all claims against Standard Register and stakeholder Silver Point Capital. The $5 million will be taken from a fund that would have gone toward second-lien lenders at the conclusion of Standard Register's Chapter 11 settlement.
DAYTON, OH—An $800 million printing and document outsourcing giant is about to emerge, as Reynolds and Reynolds, based here, spins off its Information Solutions Group (ISG) to The Carlyle Group for $360 million cash. The Carlyle Group, founded in 1987, is a Washington, D.C.-based global, private equity firm that organizes, structures and acts as lead equity investor in management-led buyouts, private placements and venture capital transactions. Carlyle has more than $10 billion of capital under management. Rodney Hedeen, president of ISG, will become CEO of the new company. The name of the business will be revealed when the transaction closes during its fourth
CORNING, IA—Dayton, OH-based Standard Register (SR), looking to reduce manufacturing costs, says it will close its forms printing plant here. The company also announced the phasing out of its Dayton-based production of certain forms-handling equipment products. Additionally, SR will consolidate field sales and support management, which officials say will result in improved operating efficiencies, and position the organization to capture market growth opportunities. The company will also offer an enhanced early retirement option to a number of its Dayton-based corporate headquarters employees. Officials say these actions are expected to result in a first quarter 2000 restructuring charge in the range of $15 million to
