Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Jamie Clement – Sidoti & Company.
Jamie Clement – Sidoti & Company
Jim, obviously the four-color segment was it sounds like a source of strength for you guys this quarter as it has increasingly become. Can you give us a sense let’s say maybe over the last three years or so how much four-color work you were doing a couple of years ago versus how much with the investments you’ve made over the last few years? In other words, how big of a slice of the pie is it right now for you guys?
James F. Conway, III
You kind of caught me Jamie without a lot of information in front of me where I can go do some digging. But, I can tell you in the past two years we added one [man] rolling press and some binding equipment so the total investment on that side for that equipment would be about $30 million. But, total sales for four-color is in the range of about $70 million. I know there was another [man] rolling press added in but I believe the second man rolling press was added four years ago and that was about a $15 million piece of equipment.
When you’re dealing with those [man] rollings with ancillary equipment you’re at about $15 million apiece.
Jamie Clement – Sidoti & Company
I was just trying to get a sense of how big a piece of the business that had become right now because presumably it sounds like for the next couple of quarters you expect that to really be a strength of the business, right?
James F. Conway, III
Yes, we do. Both higher ed and [inaudible] and we do expect that to be a real strength of the business.
James F. Conway, III
Moving to the cost side, one thing that I just was not 100% clear on with respect to the closing of Book-mart press and kind of how the chargers might flow through but then also how the savings might flow through. Is that fully closed now or is it in the process of being closed? What exactly was the timing?
James F. Conway, III
Well, it’s in the process of being closed but the majority of it has been closed and certainly will be wrapped up within the next few weeks. Now, it will take us to unwind and move some of the product we want to finish in our other plants so there will still be some activity in that operation during the first part of the second quarter.
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