Chris Angle, the head coach of Stamford Judo, is organizing an initial public offering of stock to support a for-profit judo league that awards cash prizes to contestants.
Classic Rules Judo Championships Inc. did not immediately state how much it plans to raise in an IPO. The company was originally formed in 2005 as Blue Ribbon Pyrocool, a shell subsidiary of Puritan Financial Group Inc., whose stock is listed on the pink sheets.
Classic Rules Judo plans to list its shares on the over-the-counter exchange.
BALDWIN TECHNOLOGY
Baldwin Technology Co. Inc. is buying a subsidiary of Nordson Corp. that provides ultraviolet curing systems used in the graphic arts.
The companies did not immediately disclose what Baldwin Tech paid for Nordson UV Ltd., which has 80 employees split between its main location in Slough, U.K., and in Easton, Pa.
Shelton-based Baldwin Tech sells a range of systems for publishers to maintain clean printing presses and to “cure” or dry paper as it rolls off the presses. The company had a $130,000 profit in its third fiscal quarter ending March 31, as revenue rolled up 2 percent to nearly $40 million.
Baldwin Tech did not immediately provide sales expectations on its Nordson UV acquisition.
“The demand for UV applications has been growing in both traditional offset printing and the expanding digital ink jet space, due to the variety of finishes and special effects UV curing provides, the instant curing ability, improved quality of the printed product and the environmentally-friendly absence of VOC emission,” said Karl Puehringer, CEO of Baldwin Tech, in a prepared statement. “The technology is complementary to Baldwin”™s, and it will enable our customers to partner with a single source for both (infrared) drying and UV curing on both offset and digital printing.”
Westlake, Ohio-based Nordson retains its industrial UV curing product lines.
