PLYMOUTH, MN—Watt/Peterson, a sheetfed printer based here, will become the latest entrant in the competition to consolidate the graphic arts industry, if the plans set in motion recently proceed as anticipated. Revealing a "long-term strategy of creating a national provider of high-quality graphic arts services ranging from high-quality sheetfed printing to cost-effective web printing, binding and mailing services," the company, and neighboring rival Cimarron Printing, have merged to form a $32 million company under the banner of a new umbrella organization, Printing Partners of America. "Increasing competition has generated a wave of consolidations within the printing industry, making it more difficult for mid-size operations

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