He's a veteran designer and manufacturer of printing equipment and operating system software, and has worked for Integrated Research Labs and Stevens International, both in Ohio, and with the US division of Ashton-Potter
in Williamsville, NY.
During 1995, MDC experienced expansion in the production of postage stamps and ticketing products at Ashton-Potter
and Mercury Graphics landing important new international contracts in both areas.
A AMEX: MDQ ) of Toronto today announced Ashton-Potter
Canada, one of its security printing subsidiaries, has landed an important contract to supply postage stamps to Hong Kong through the London-based Crown Agents Stamp Bureau.
With challenges related to the new combination press at the company's Ashton-Potter
Through its Ashton-Potter
subsidiary, MDC is already recognized as a leader among private sector suppliers of postage stamps to the United States and Canada.
Canada, Mercury Graphics, and Globe Graphics--the division offers a diversified and growing product slate, including postage stamps, magnetic and encodable travel documents, high-end event tickets, break-open lottery tickets, financial printing and other security documents.
MDC is already recognized as a leader among private sector suppliers of postage stamps to the postal administrations of the United States and Canada through its Ashton-Potter
With additional contracts anticipated for Ashton-Potter
, new marketing directions at Regal, and the possibility of a significant acquisition to further expand our security printing capability, this 'year of consolidation' may also offer additional upside for our shareholders," Nadal added.
The production shakedown on the new equipment was accomplished thanks to around-the-clock work by the dedicated Ashton-Potter
production team led by Ashton-Potter
General Manager Barry Switzer and MDC Executive Vice-President, Peter Lewis.
Canada's new Toronto plant is now fully operational.
Postal Service produced increased revenue and profits over the 12 months, more exciting growth is expected beginning with the third quarter of 1995 -- following the installation of an advanced $7 million offset/intaglio press at MDC's Ashton-Potter
subsidiary in Amherst, N.
The acquisition is the latest step in a major expansion for MDC's Security and Specialty Printing division which, through Ashton-Potter
in the United States and Canada, is one of the world's largest suppliers of postage stamps and other security products.