Advertisement
YOU ARE HERE: LAT HomeCollectionsJostens Inc
IN THE NEWS

Jostens Inc

FEATURED ARTICLES
BUSINESS
March 17, 1994
Jostens Inc., one of the nation's largest processors of photographs, said Wednesday it is closing a plant here and in Mississippi. About 175 jobs will be lost at both plants; a breakdown wasn't available Wednesday. A few people will be relocated to Jostens plants elsewhere. The Lake Forest plant will close June 30, the company told employees Wednesday. The move consolidates six photo-processing plants in the United States and Canada into four.
ARTICLES BY DATE
BUSINESS
December 29, 1999 | Bloomberg News
Jostens Inc., the largest U.S. maker of yearbooks, class rings and achievement awards, accepted a buyout offer of about $850 million in cash from a company controlled by Investcorp. The takeover group, which includes Jostens management, would pay $25.25 a share, 38% over Monday's closing price, and assume about $100 million in Jostens debt. Shares in Jostens rose $5.94, or 32%, to close at $24.25 in NYSE trading.
Advertisement
BUSINESS
December 29, 1999 | Bloomberg News
Jostens Inc., the largest U.S. maker of yearbooks, class rings and achievement awards, accepted a buyout offer of about $850 million in cash from a company controlled by Investcorp. The takeover group, which includes Jostens management, would pay $25.25 a share, 38% over Monday's closing price, and assume about $100 million in Jostens debt. Shares in Jostens rose $5.94, or 32%, to close at $24.25 in NYSE trading.
BUSINESS
November 5, 1996 | KARREN MILLS, ASSOCIATED PRESS
For nearly 100 years, Jostens Inc. has been creating memories from life's milestones. When the Minnesota Twins won the World Series in 1987 and 1991, Jostens made the championship rings. The company also made the 1986 Super Bowl rings for the Chicago Bears, including William "The Refrigerator" Perry's size 23 diamond-encrusted hunk of gold that fit around a Kennedy half-dollar.
BUSINESS
January 29, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Jostens Inc., the leading school class ring and yearbook company, announced Tuesday a consolidation plan that will mean closing two Southern California facilities, including a photo-processing plant here. The Minneapolis company, which employs 150 full-time and 300 seasonal employees in Anaheim, said it will close the 40,000-square-foot plant by June 30. Jostens will offer positions to some managers and full-time employees at its new and larger facility in Clinton, Miss.
BUSINESS
November 5, 1996 | KARREN MILLS, ASSOCIATED PRESS
For nearly 100 years, Jostens Inc. has been creating memories from life's milestones. When the Minnesota Twins won the World Series in 1987 and 1991, Jostens made the championship rings. The company also made the 1986 Super Bowl rings for the Chicago Bears, including William "The Refrigerator" Perry's size 23 diamond-encrusted hunk of gold that fit around a Kennedy half-dollar.
BUSINESS
May 17, 1988 | JESUS SANCHEZ, Times Staff Writer
At the Brite Spot restaurant on Sunset Boulevard, coffee drinkers often ask for a sugar-free sweetener that is infrequently advertised and contains an ingredient linked to cancer. "All they ask for is Sweet'n Low," said restaurant manager Antonette Venetos of the saccharin sweetener contained in familiar pink packets. "I have never had customers ask for anything else," she said. "I think it's sort of a habit." It is a habit that has kept the family-run company that makes Sweet'n Low in business.
NEWS
May 30, 1991
Susie B. Hwang, a student at Ramona Convent Secondary School in Alhambra, has won a $1,000 Jostens Foundation Leader Scholarship award. She was selected on the basis of outstanding achievements in school and community activities, leadership experience and academic excellence. Funds for the Minneapolis-based foundation are provided by Jostens Inc., a provider of products and services for youth and education.
BUSINESS
September 1, 1989 | From United Press International
Jostens Inc. said it has acquired Sales Communication Resources Inc., a commercial printing company. Jostens said the acquisition represents an expansion of its commercial printing business into the Twin Cities area. SCR, which is headquartered in Minneapolis, will become part of Jostens' printing and publishing division, which produces and sells yearbooks for the school market and has a growing commercial printing business.
BUSINESS
March 17, 1994
Jostens Inc., one of the nation's largest processors of photographs, said Wednesday it is closing a plant here and in Mississippi. About 175 jobs will be lost at both plants; a breakdown wasn't available Wednesday. A few people will be relocated to Jostens plants elsewhere. The Lake Forest plant will close June 30, the company told employees Wednesday. The move consolidates six photo-processing plants in the United States and Canada into four.
BUSINESS
January 29, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Jostens Inc., the leading school class ring and yearbook company, announced Tuesday a consolidation plan that will mean closing two Southern California facilities, including a photo-processing plant here. The Minneapolis company, which employs 150 full-time and 300 seasonal employees in Anaheim, said it will close the 40,000-square-foot plant by June 30. Jostens will offer positions to some managers and full-time employees at its new and larger facility in Clinton, Miss.
BUSINESS
November 24, 1992 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
To say that Jostens Inc. Chairman William Lurton is happy with his company's acquisition of Educational Systems Corp. is the understatement of the year. Since the Minneapolis-based manufacturer of class rings and school yearbooks paid $65 million in stock for the San Diego-based education software company in 1989 and made it the nucleus of San Diego-based Jostens Learning Corp., sales at the subsidiary have taken off, much to Lurton's delight.
BUSINESS
February 3, 1995 | From Reuters
The California Public Employees Retirement System on Thursday named nine companies as targets during this spring's annual meeting season because their stocks have not performed well. CalPERS, the nation's largest public pension fund and long a leader in shareholder activism, said it has met with or sought meetings with the boards of each of the companies because they are "economic under-performers." They include paper manufacturer Boise Cascade Corp.; retailers Kmart Corp. and Melville Corp.
Los Angeles Times Articles
|