Management Team Acquires Harvey Press From Wallace
NEW ORLEANS—Initially ticketed to close its doors, Harvey Press found new life when its management team purchased the company from Wallace Computer Services of Lisle, IL.
Harvey Press' three top executives—Ken Allen, Jerry Hudgens and Paul Alker—secured the company from Wallace, which initially intended to close it, along with four of its other facilities. All three officers will remain in their current positions: Allen is president, Hudgens is operations manager and Alker is sales manager.
"With the support of our 64 employees and the city of New Orleans, the purchase was a natural stepping stone for Harvey Press to return to its original roots and produce quality printing and finishing," Allen states.
Harvey Press, which generates $10 million in annual revenues, is one of the largest commercial sheetfed and web printers in the New Orleans area. It serves local tourism companies and national conventions visiting the city.
Wallace acquired Harvey Press from Graphic Industries, of Atlanta, in 1997.