Polaroid files Chapter 11 

Oct 15, 2001

Polaroid Corp. (Cambridge, MA) and its U.S. subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code, following this year’s steep decline in revenues and the resulting impact on the company’s liquidity. Polaroid has obtained a commitment for $50 million in debtor-in-possession financing from bank group J.P. Morgan Chase & Co. Upon court approval,

Wisconsin college receives GATF education award 

Oct 15, 2001

Waukesha County Technical College (WCTC) (Pewaukee, WI) is the recipient of the 2001 Frederick D. Kagy Education Award of Excellence. First presented in 1993 by the Society of Fellow of GATF (Sewickley, PA), the Kagy Award recognizes an exemplary middle-school, high-school, or community-college graphics communication program. Students enrolled in WCTC’s Printing & Publishing associate degree program

Indigo N.V. and Nilpeter A/S sign OEM agreement 

Oct 03, 2001

Indigo N.V. (Maastricht, Netherlands) and Nilpeter A/S (Slagelse, Denmark) have signed an OEM agreement to sell inline finishing solutions for Indigo's WebStream 100/200/400 digital presses through Indigo as a single package. The Omnius WebStream digital presses enable printers to produce high-quality four- to seven-color labels, printed digitally on-demand. The finishing solutions from Nilpeter now

Fox River Paper acquires Gilbert Paper 

Oct 01, 2001

Fox River Paper (Appleton, WI) has acquired the Gilbert Paper Co. business and selected assets from Mead Corp. (Dayton, OH). Fox will produce and sell all of the Gilbert products as part of a separate branding strategy. Approximately 100 current Gilbert Paper Co. employees will join Fox River Paper, however, there will likely be job reductions related to the integration of the companies’ converting

PRINT 01: Vendor milestones 

Sep 27, 2001

Industry vendors used the occasion of Print 01 not only to introduce new products and announce merger and acquisition transactions, but also to celebrate company milestones. Ranging from anniversaries to notable installations, such events included the following: CreoScitex (Vancouver) announced that the 1,000th Spire color server shipped in September. Launched last year, the server drives high-speed,

Vendors report successful sales at Print 01 

Sep 27, 2001

Although the second half of Print 01 was impacted by the terrorist attacks on Sept. 11, vendors are reporting successful sales levels from the show. According to GASC, attendance at the show was about 66,300. Approximately 2,000 hotel rooms reserved specifically for the show for nights after September 11 were never occupied. However, seminar attendance exceeded projections, surpassing at Print 97

Barco, Purup-Eskofot merge 

Sep 07, 2001

Barco N.V. (Kortrijk, Belgium), parent company of Barco Graphics (Gent, Belgium), and Kirkbi A/S (Billund, Denmark), parent company of Purup-Eskofot (Ballerup, Denmark), have signed a memorandum of understanding to merge Barco Graphics and Purup-Eskofot into one combined company, BPE. Barco N.V. will own 49 percent of the new company, and Kirkbi A/S will own 51 percent. The combined turnover of the

Goss restructures, American operations file Chapter 11 

Sep 07, 2001

Goss Holdings, Inc. (Westmont, IL), the parent company of Goss Graphic Systems, Inc., manufacturer of web offset presses, is undergoing a worldwide strategic restructuring. The company’s global manufacturing operations will be conducted from its international affiliates in the UK, France, Japan and China. Goss will also eliminate approximately $290 million in secured bank and unsecured bond debt to

HP acquires Indigo 

Sep 07, 2001

Hewlett-Packard Co. (HP) (Palo Alto, CA) has entered into an agreement to purchase the remaining outstanding shares of Indigo N.V. (Maastricht, Netherlands). HP currently owns 14.8 million of Indigo’s common shares, representing 13.4 percent of the company’s outstanding shares. Under the terms of the agreement, HP will acquire Indigo’s remaining shares for approximately $629 million in HP common stock

Fuji buys three distributors, establishes subsidiary 

Sep 07, 2001

Fuji Photo Film U.S.A., Inc. (Elmsford, NY) is forming a new subsidiary consisting of three recently acquired distributors. The company has executed a definitive merger agreement with PrimeSource Corp. (Pennsauken, NJ), and is signing agreements to purchase Heartland Imaging (Kansas City, KS) and Graphic Systems, Inc. (Minneapolis). Fujifilm did not disclose the acquisition terms of these two latter

Hewlett-Packard and Compaq to merge 

Sep 04, 2001

Hewlett-Packard Company (Palo Alto, CA) and Compaq Computer Corporation (Houston) today announced a definitive merger agreement. The new HP, worth an estimated $87 billion, will offer a complete set of IT products and services for both businesses and consumers, with a commitment to serving customers with open systems and architectures. The combined company will have #1 worldwide revenue positions

Xerox introduces DocuColor iGen3 digital color press 

Sep 04, 2001

Xerox Corp. (Rochester, NY) introduces the DocuColor iGen3 Digital Production Press, previously code-named FutureColor. The DocuColor iGen3 results from a $1 billion research and development investment and includes more than 300 patents. It reportedly can create output with the traditional look and feel of offset, while offering high-speed output, personalization capabilities and cost advantages.

Printable acquires Printplanet.com 

Aug 30, 2001

Printable Technologies (San Diego, CA), an online service provider for the graphic arts industry, has acquired the PrintPlanet.com Web community and forums. PrintPlanet.com’s 18 discussion forums--or eCommunities--are used by industry professionals to share technical and product information, tips and techniques, business practices and industry trends. There will be no membership or subscription fees

Baldwin to acquire Varn’s Kompac business 

Aug 30, 2001

Baldwin Technology Co., Inc. (Shelton, CT), manufacturer of accessories and controls for the printing industry, has signed a non-binding letter of intent to acquire the Kompac business of Varn International, Inc. (Oakland, NJ), a wholly owned subsidiary of Day International Group, Inc. "Kompac’s dampening systems business, and its excellent reputation in the small and medium-size press marketplace,

Mead and Westvaco announce merger 

Aug 29, 2001

Mead Corp. (Dayton, OH) and Westvaco Corp. (Stamford, CT) announced today that they have agreed to a merger of equals, creating a global company that produces packaging, coated and specialty papers, consumer and office products, and specialty chemicals. The enterprise value of the combined organization is in excess of $10 billion. The new company, which will be called MeadWestvaco Corp., will reportedly

Xeikon Diamond Awards call for entries 

Aug 27, 2001

Digital print systems vendor Xeikon N.V. (Antwerp, Belgium) has announced a call for entries for the Xeikon Diamond Awards, a showcase for examples of best-in-class digital printing. Color applications are divided into seven categories: one-to-one marketing, labels and packaging, on-demand printing, large-format printing, innovative applications, e-printing and self-promotion. In addition, there are

Heidelberg USA realigns, promotes execs 

Aug 22, 2001

Heidelberg USA (Kennesaw, GA) has realigned its operations into four business segments, and appointed executives to lead these and other operational areas. The new structure focuses on digital, postpress, sheetfed and web, and is designed to strategically position the company to better meet customer needs. Niels M. Winther is the new head of Heidelberg’s Market Center North America (U.S. and Canada).

Day creates Image Transfer Group 

Aug 21, 2001

Day International, Inc. (Dayton, OH), supplier of image-transfer products and pressroom consumables, has formed the Image Transfer Group. The organization is made up of three divisions: Transfer Media Div./dayGraphica, Flexographic Products Div./Rotec, and Chemical Products Div./Varn. "The new Image Transfer Group will be a huge benefit to our distribution partners," notes Stephen Noe, senior vice

Alcoa acquires Didde assets 

Aug 21, 2001

Alcoa Packaging Machinery, Inc. (APMI) (Englewood, CO), a designer and manufacturer of printing and metal forming machinery for the packaging industry, has purchased certain assets of narrow-web press vendors Didde Corp. and Didde Web Press Corp. (Emporia, KS). The purchase includes the Didde name and patents, which will be used for future equipment. APMI-manufactured printing presses and spare parts

WAM!NET, Zuma alliance 

Aug 17, 2001

WAM!NET (Eagan, MN), a provider of information technology and digital content management services, and Zuma Interactive (Pomona, CA), a developer of customized software solutions, will offer a new project management and data storage service that will allow organizations with multiple partners or locations to track, store, archive and manage their projects and production collaboratively within a digital

Prolatus receives patent 

Aug 17, 2001

Prolatus Inc. (Minneapolis), a software company serving the graphic arts industry, has been awarded a patent from the U.S. Patent and Trademark Office for a scripting process related to collaborative production workflows. The patent covers a technical process that is a core component of the current Prolatus products, and will also have a substantial impact on future Prolatus applications and methods

Agfa extends service to Polaroid Graphic Imaging, DuPont proofers 

Aug 16, 2001

Agfa Corp. (Ridgefield Park, NJ) will now provide full service for DuPont AX4, AQ4 and MX6, and Polaroid Graphic Imaging 1420, 2230 and Prediction digital proofing systems. The addition of digital proofing products expands the line of multivendor products supported by Agfa customer technical support. Along with digital proofing products, Agfa’s Selectsupport Plus customer support program includes

Agfa to continue Digital Solutions Tour 

Aug 16, 2001

Agfa (Ridgefield Park, NJ) has announced it will continue its Digital Solutions Tour through Dec. 14. The tour began in April, and traveled through the Southeast and to Texas in an 18-wheel semi-tractor trailer containing various Agfa workflow, proofing and CTP systems. This next phase will travel initially in the Midwest, with stops beginning in Springfield, MO, and St. Louis. The tour will head

NUR unveils financing program 

Aug 15, 2001

At next month’s Screenprinting & Graphic Imaging Assn. International 2001 conference (Anaheim, CA), NUR America (San Antonio, TX) will unveil a financing program that will reportedly reduce the cost of installing and operating NUR Macroprinters’ wide-format and superwide digital production printers. The Nur Capital program enables NUR customers to pay on a monthly basis for their operational needs,

Presstek names new COO to Lasertel subsidiary 

Aug 15, 2001

Presstek, Inc. (Hudson, NH) has appointed Bernard Walik to the newly created position of COO of its Lasertel, Inc. subsidiary (Tucson, AZ). Lasertel supplies Presstek with the resources necessary for the parent company’s laser-imaging devices. Walik joined Lasertel as vice president of manufacturing when the subsidiary was created in April 2000. As COO, Walik will assume responsibility for Lasertel’s