Proforma, a leading North American provider of graphic communications solutions, is pleased to welcome five new offices to our network. Proforma owners, with state-of-the-art technologies, enable their clients to grow with innovative marketing solutions such as direct mail, promotional products, eCommerce solutions, commercial printing services, multimedia services and business document printing.
Sheridan Shutters Capital City BERLIN, VT—Capital City Press' operations here are being discontinued by its parent company, The Sheridan Group, resulting in the loss of approximately 150 jobs. The printing of scientific, technical and medical journals, along with book printing, will be consolidated into other locations within the company. Much of the work will be handled by The Sheridan Press in Hanover, PA. Capital City employs 200 workers, and 45 of them—which comprise the Publications Services division—will reportedly be offered employment by Dartmouth Journal Services, another company in The Sheridan Group chain. FedEx Kinko's Opens Center DALLAS—FedEx Kinko's has taken the wraps off of its World
CHARLOTTE, NC—The former Master Graphics has new leadership, and now Premier Print Holdings is under the direction of two men who have become known in the consolidation game. Carl Norton has taken the helm as CEO at Premier Print Holdings as Calvin W. Aurand Jr. has left the company to pursue other interests. Jerry Hyde has been named president of the company. Norton and Hyde are the braintrust behind Nationwide Graphics which, like Premier Print Holdings, grew through acquisitions. Norton, Nationwide's chairman and CEO, and Hyde, vice chairman and senior vice president, have been contracted to pump new life into a company that emerged
MEMPHIS, TN—What's in a name? One company hopes it's a new lease on life. Master Graphics, fresh from exiting Chapter 11 bankruptcy, has added a new moniker for the 10-division conglomerate: Premier Print Holdings. According to Calvin W. Aurand Jr., chairman and CEO of the company, the new name underscores the importance of the operating divisions in the communities they serve. "The real strength of our company comes from the ability of our managers and employees to secure and serve customers in their local markets better than anyone else around," Aurand states. "Many of our operators have been doing that for a long, long time. Some
MEMPHIS, TN—There is light at the end of the bankruptcy tunnel for Master Graphics. The company announced that its First Amended Joint Plan of Reorganization became effective March 7, marking the company's emergence from its voluntary Chapter 11 cases filed in July 2000. Creditors voting on the reorganization plan approved the plan, with 89 percent of the creditors who voted and 99 percent of the dollar amount of the claims voting in favor of the plan. The plan was confirmed by the U.S. Bankruptcy Court for the District of Delaware in Wilmington on January 25. Master Graphics has met all requirements to emerge
CORDOVA, TN—Master Graphics has announced the principal terms of a comprehensive business plan for the restructuring of its operating subsidiary, Premier Graphics. Under the new business plan, Premier Graphics' operations will be restructured around a core group of 11 of its divisions. Proceeds from the sale or other disposition of the company's remaining, non-core divisions will be used to reduce Master Graphics' secured indebtedness and for working capital purposes. "This business plan forms the basis of our Chapter 11 plan of reorganization, which will be filed and announced by year end (2000) as planned," notes Michael Bemis, Master Graphics chairman and CEO. "The reorganized Master Graphics