Friday, August 26, 2016

Attempt to enter press equipment field

Attempt to enter press equipment field

Offset Duplicator

Mr. Halpern talked to Sigmund Gestetner about the necessity of planning for the replacement of stencils with offset presses. Mr. Picking, the plant manager of the Totenham plant was opposed to it. He also opposed Gestetner getting the Xerox franchise for England. However Mr. Gestetner approved the project and put up 75% of the money Louis Mestre needed to design and build a prototype. Polychrome put up 25%. When the prototype was finished, Ray Lauzon went to Mr. Mestre’s place in the evenings and operated it and had Louis Mestre make whatever modifications were necessary. Polychrome was short of cash at that time and Mr. Halpern wanted his investment back. Mr. Gestetner bought Polychrome’s share. He offered Mr. Halpern 11%. Mr. Halpern declined this offer. So Polychrome was not involved in the sales of the Duplicator. Webendorfer licensed, made and sold this press under their brand in addition to Gestetner.