BemroseBooth to Exit Traditional Printing and Binding Business; Cut 70 Jobs
Press release from the issuing company
APPLETON, Wis., Aug. 30 -- BemroseBooth, a provider of secure and specialized print services, and an Appleton subsidiary, announced today it will exit the traditional printing and binding portions of its information products business. BemroseBooth officials said a decline in the volume of printed industrial catalogs and directories has made it increasingly difficult to sustain in-house manufacturing for those products. The company will retain the sheet-fed color printing and digital portions of its information products business and look to expand its interests in print management.
Withdrawing from its traditional printing and binding segments will result in the loss of approximately 70 jobs by the end of 2005 at its facility in Derby, United Kingdom. BemroseBooth will take a $2.3 million charge as a result of the initiative.
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