Wellspring Capital Acquires Two Printers
NEW YORK—The private equity firm of Wellspring Capital Management has acquired a pair of printers, The Press of Ohio and D.B. Hess Co., that serve the education, catalog and general commercial printing markets. Terms of the deal were not disclosed, but the respective companies will maintain their current management teams and locations.
Wellspring, which manages more than $2 billion in equity capital, “...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,” noted David Bracken, president of Brimfield, OH-based The Press of Ohio.
The Press of Ohio provides services including digital content management, mailing, fulfillment and distribution. D.B. Hess Co. is headquartered in Woodstock, IL, with a production facility in DeKalb, IL. It offers a full line of soft-cover book manufacturing, fulfillment and distribution services.