Wheal-Grace Proudly Announces New Female Ownership of Printing Company
BELLEVILLE, NJ—Jan. 11, 2013—This year marks the beginning of a new era for 66-year-old Wheal-Grace Corp. A buying group led by Nancy Salvini, along with the third generation of printers in the family—Beth Salvini and Amy Salvini-Swanson, have acquired controlling shares of the museum-quality commercial printer.
Emil Salvini, who took over control of the business from his father in 1985, will step down as CEO and assume the role of director of marketing. His wife Nancy, who has been involved in the business for three decades, will take over the daily management of the business as its new president. Beth and Amy, owners and operators of Wheal-Grace’s sister company, Greenwich Letterpress (located in New York City’s West Village), will maintain minority ownership positions.
“The company will experience no personnel changes,” noted its president. “Jim Parrinello, our outstanding general manager, will remain in place along with our first-class employees.”
This change will help transition the business to the third generation while insuring a succession plan for its valued clients and employees.
“I’ll work closely with our current management team while Emil will contribute his invaluable marketing skills,” continued the new chief exec.
The company structure has not changed, so the firm has the same tax ID, FSC and corporate DUNS number and all contracts with clients and vendors remain unchanged.
“We will be self-certified for the time being and plan on applying for official Woman-Owned Certification by the third quarter of 2013,” reported Nancy Salvini. Wheal-Grace will remain a New Jersey Category 3 Certified Small Business.
Wheal-Grace Corp. is a high-quality commercial printer that has been servicing the corporate and advertising community for more than six decades. With an emphasis on green printing, its facility in Belleville, NJ, is operated on 100 percent wind power.