Small Printer Sells Assets, To Cease Operations
Future US, Transworld among Solar's publishing clients.
The recession is not just affecting small magazines—or big ones, for that matter. It’s having a dire impact on printers, too.
Solar Communications, a 48-year-old, Naperville, Illinois-based printing and marketing production company, has sold its direct mail, printed paper-poly technology and collating assets to Minnesota-based Schmidt Printing.
Its remaining assets will be sold at auction on June 30, and the company will shut down on July 1.
The closure is “due to economic conditions,” Frank Hudetz, its president and CEO, wrote in an e-mail to its customers on Wednesday. Solar Communications was established in 1961.
Some of the company’s recent magazine publishing clients included Future US and Transworld.