Visant Corporation announced that Visant's previously announced merger transaction with Phoenix Color Corp., a leading book component provider servicing primarily the trade, professional reference and educational segments, is complete. Phoenix Color will operate as a wholly owned subsidiary of Visant.

Visant Corporation and Phoenix Color Corp. jointly announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously announced merger of Phoenix Color with a subsidiary of Visant, has expired.

PolyOne Corporation announced the opening of its third color development center in China, located in the city of Tianjin. PolyOne currently has state-of-the- art color development centers in Shanghai and Shenzhen.