30 June, 1999
Metroland buys weeklies, printing plant
TORONTO– Metroland Printing, a division of Torstar Corp., has purchased J.W. Eedy Publications Ltd. of St. Marys, Ont., for $10 million. The Eedy group publishes 10 weekly newspapers and boosts Metroland’s total number of weeklies to 115. Thuro Web, the Eedy group’s printing plant, was included in the deal.
24 June, 1999
Union wins grievance claim
HAWKESBURY, Ont.– A press operator at Montebello Packaging was 14 minutes late for work following Thanksgiving day last year. The collective agreement states an employee must work a full shift before and after a holiday in order to qualify for holiday pay. Thus, Montebello withheld Sylvain Brunette’s holiday pay. Brunette’s union, the United Steelworkers of America, filed a grievance against Montebello and an arbitration officer has ruled that working 98% of one’s 12-hour shift was“sufficient” to constitute having worked a full shift. Montebello is appealing the ruling to the Ontario Supreme Court, said company spokesman Bob Hanes.
22 June, 1999
Quebecor contracts exceed $1 billion
MONTREAL– Quebecor Printing has landed more than $1 billion in magazine printing contracts. Argentina’s largest publisher, Editorial Perfil, sold its printing operations to Quebecor Printing for $18.25 million in April and handed over a 10-year, $584 million printing/paper contract. Then, in June, British newspaper publisher Associated Newspapers Ltd. handed Quebecor a seven-year, $475 million contract extension to print four of its supplementary magazines with a combined weekly circulation of 8.5 million copies.
18 June, 1999
Quebecor gets out of security printing
MONTREAL– To better focus on its core sectors, Quebecor Printing intends to sell stand-alone security printing operation BA Banknote of Ottawa to Germany’s Glesecke & Devrient GmbH, the world’s second largest commercial banknote printer. BA Banknote had sales last year of about $30 million and claims an 8% chunk of the world’s commercial banknote printing market. Should the deal close it will mark the end of Quebecor’s involvement in security printing, said Quebecor spokesman John Paul Macdonald.
17 June, 1999
St. Joseph’s buys film house
TORONTO– The Pre Media Division of St. Joseph Corp. has acquired Morris Studios, a Toronto-based photography and film development house with 35 employees. Morris does catalogue work for Sears Canada, Canadian Tire and J.C. Penny. Gord Griffiths, St. Joseph Corp.’s president and CEO, said the deal closed mid-June.“We’re interested in other [similar] acquisitions–especially on the creative end,” he said.
|Paul Kett says:|