Quipp Packman Buyers Go Back for More Jun 25, 2008
NEW YORK Miami-based Quipp Systems, which announced this month's completion of the merger of Quipp Inc. and Illinois Tool Works Inc. (E&P Online, March 27, April 17), has sold two more Quipp Packman II packaging systems to the Chicago Sun-Times, which reports reduced staffing in its inserting department since it began using its first three units last fall. Packman addresses the challenge of bundle quality in Sunday inserted products by containing the bundle through the entire process, also... (MediaWeek.com)
Quipp Announces Definitive Acquisition Price in Merger Agreement with Illinois Tool Works Inc. Jun 1, 2008
Quipp Shareholders to Receive $5. 41 Per Share in the Merger Transaction MIAMI, May 31 /PRNewswire-FirstCall/ -- Quipp, Inc. (Nasdaq: ) announced today that, based on an anticipated June 2, 2008 closing date for its acquisition by Illinois Tool Works Inc. and the amount of its "Closing Cash," as defined in the merger agreement with Illinois Tool Works Inc. and Headliner Acquisition Corporation, the consideration per share to be paid to Quipp shareholders in the transaction is $5. (PR Newswire)
E&P Technical: Trio of New Inserters May 16, 2008
The number still didn't change when Goss International acquired Heidelberger's newspaper business and Quipp Inc. acquired USA Leader, while Muller Martini took more direct control of its GMA subsidiary. Up to that point, Muller Martini-developed inserters at U.S. newspapers consisted mostly of older 227 models, with most of the Swiss parent company's newer models sold overseas to papers with more modest inserting requirements. (MediaWeek.com)
ITW buys newspaper equipment maker Mar 31, 2008
(Reuters) - Quipp Inc., which makes newspaper handling equipment, said on Thursday it would be acquired by diversified manufacturer Illinois Tool Works for a price between $6. 4 million and $8. (Crain's Chicago Business)
Quipp, Inc. Announces Fourth Quarter and 2007 Full Year Results Mar 29, 2008
MIAMI, March 28 /PRNewswire-FirstCall/ -- Quipp, Inc. (Nasdaq: ) today announced consolidated financial results for the fourth quarter and twelve months ended December 31, 2007. A non-cash charge for the impairment of intangible assets significantly affected reported net loss for both the quarter and full year. (PR Newswire)
