Sheridan Opts for Dingley Press
HUNT VALLEY, MD—The Sheridan Group has reached an agreement to acquire the business of The Dingley Press, a $90 million specialty catalog printer based in Lisbon, ME. Financial terms of the deal, which was slated to close last month, were not announced. Completion is contingent upon The Sheridan Group obtaining financing and other conditions.
"We are delighted to have The Dingley Press join The Sheridan Group. Dingley is a well-run company in a market with similar characteristics to our existing businesses," states John A. Saxton, president and CEO of The Sheridan Group.
Under terms of the deal, Dingley's business will be acquired by a wholly owned subsidiary of The Sheridan Group and continue to operate as The Dingley Press. Christopher A. Pierce, Dingley's president and majority shareholder, will remain with the company as president and COO.
The Sheridan Group produces a full range of printing and value-added support services.