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Banta Global Turnkey Ltd history
Banta Global Turnkey Ltd company history timeline
1901 George Banta incorporates his printing business as George Banta Printing Company.
In 1911, 18-year-old George Banta, Jr., dropped out of college and assumed charge of the office.
In 1946 Banta expanded beyond its home complex with the 42,000-square-foot Midway plant, built halfway between downtown Menasha and nearby Appleton.
1969 Acquisition program begins with purchase of Daniels Packaging.
In March 1971 Banta was ready to go public, selling 455,000 shares (a 29 percent interest) at $12.50 per share.
Ling Products of Neenah, Wisconsin, acquired in 1973, made disposable products for the health and foodservice industries, such as examination gowns, table covers, and bibs.
KCS Industries of Milwaukee, purchased in 1975, produced point-of-sale displays.
Somewhat ironically, this first acquisition also became the first major unit disposed of by Banta; in 1989 the greatly expanded Daniels was sold for an after-tax gain of $9.6 million.
1989 Revenues surpass the half-billion mark; company name is streamlined to Banta Corporation.
Belcher, Donald D., Presentation on Banta Corporation to the New York Society of Security Analysts, company document, March 6, 1995.
Revenues for 1995 topped $1 billion for the first time.
During 1998 Banta made its first release of B-media, a digital content management system for storing, archiving, retrieving, and "repurposing" digital information for print or electronic distribution.
The Banta Turnkey Group, which produced sales of about $250 million in 1998, was expected to contribute half again as much with the onset of the Compaq deal.
Meanwhile, in January 1999 Banta signed a $100 million contract with IDG Books Worldwide, publisher of the bestselling "For Dummies" series and other trade titles.
Back in 1999, stock prices in the printing industry were down, as money funneled into the red-hot dot-com industry.
1999 Company restructures; large supply-chain management contract is signed.
The company's book printing operation sales climbed 30 percent to $363 million in 2000.
Streeter succeeded Belcher as chairman in April 2004.
Over the past decade, 8,000 United States printing plants closed their doors, according to a February 2005 Milwaukee Journal Sentinel.
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