Wellspring Capital Acquires The Press of Ohio and D.B. Hess Company
NEW YORK CITY—September 21, 2006—Wellspring Capital Management LLC announced today that it has acquired The Press of Ohio and D.B. Hess Company, two leading printing companies that serve the education, catalog and commercial markets. Terms of the deals were not disclosed.
With the acquisitions, the management teams of both companies will remain the same.
Carl Stanton, Partner, Wellspring Capital said, “The Press of Ohio and D.B. Hess are highly respected printers of short to medium run books and maintain the highest standards of reliability and customer service. We are excited to partner with the firms’ management teams as they continue their long tradition as the print supplier of choice.”
“We are thrilled to partner with such a reputable firm. Wellspring will help us continue to maximize the highest product quality and responsive service that our customers have come to expect over the past two decades,” said David Bracken, President of The Press of Ohio.
“We have remained committed to our customers, employees, and principles of the business since our inception,” said Dan Bach, President of D.B. Hess. “Wellspring is the ideal partner to help grow our firm.”
About Wellspring Capital Management
Founded in 1995, Wellspring Capital Management LLC is a New York-based private equity firm with more than $2 billion in equity capital under management. The firm takes controlling positions in promising middle-market companies where it can realize substantial value by contributing innovative operating and financing strategies and capital. Wellspring’s limited partners include some of the largest and most respected institutional investors in the United States, Canada, and Europe. More information on the Company is available on the Company’s Web site, http://www.wellspringcapital.com.
About The Press of Ohio
Founded in 1985, The Press of Ohio, is a leading North American printer of educational and commercial books and catalogs based in Brimfield, Ohio. The Company provides a wide array of services spanning from digital content management through mailing to fulfillment and distribution. More information on the Company is available on the Company’s Web site, http://www.pressofohio.com/home.htm.
About D.B. Hess
The D.B. Hess Company, founded in 1979, is a leading North American book, catalog and directory manufacturer, headquartered in Woodstock, Illinois with a second manufacturing facility in DeKalb, Illinois. The Company serves a wide variety of education and commercial customers offering a complete line of soft cover book manufacturing, fulfillment and distribution services. More information on the Company is available on the Company’s Web site, www.dbhess.com