Jostens Invests $6.7 Million in New Technology; Two Komori Presses Added
Press release from the issuing company
MINNEAPOLIS--Aug. 5, 2003-- Jostens, Inc. announced today that it's new equity partner, DLJ Merchant Banking, has approved a $6.7 million capital investment in digital color printing technology to meet the increasing customer demand for more color pages in elementary, high school and college yearbooks.
"DLJ Merchant Banking recognizes the importance of investing in technology to meet the evolving needs of our customers," according to Carl Blowers, vice chairman for Jostens. "The addition of two Komori color printing presses is part of our growth strategy to expand digital color technology, increasing our color page capabilities and capacity. This investment demonstrates our commitment to growth by adding more value to the products we deliver to our customers."
The new Komori ten-color perfecting printing presses, along with associated software, hardware and data storage systems, will be located in Jostens' Visalia, Calif., and Topeka, Kan., printing plants. Both plants receive electronic files from schools to begin a digital production workflow that enhances color yearbooks and speeds delivery.
Jostens, Inc. was recently purchased by DLJ Merchant Banking Partners III, L.P., the flagship leveraged buyout fund of CSFB Private Equity.
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