NEW YORK, NY -- (MARKET WIRE) -- February 7, 2007 -- HESS PRINT SOLUTIONS ("Hess"), a Wellspring Capital Management company, announced today that Daniel N. Bach has assumed the new position of Senior Vice President of Education Marketing and Business Development.
Michael O. Duffield, Chief Executive Officer of Hess, commented, "Dan's experience and knowledge of the Education print market is an asset to our company. We are pleased that he is taking on this new responsibility and believe it demonstrates our ongoing commitment to the Education market."
In an additional move, Robert M. Castillo was named Vice President of Operations from VP Manufacturing, and will now assume responsibility for all manufacturing plants. President David H. Bracken stated, "Bob's multi-plant experience and customer-focused attitude make him the ideal operations executive for our growth oriented company."
In September 2006, Wellspring acquired The Press of Ohio and DB Hess, both privately owned commercial printing companies that primarily serve the Education and Business-to-Business Catalog markets.
About Wellspring Capital Management
Wellspring Capital Management LLC manages a group of private investment partnerships focused on investing in, or acquiring companies that are well positioned to capitalize on change. By contributing innovative operating strategies, financial expertise and capital, Wellspring has demonstrated the ability to create substantial value for its investors. The partnership's capital is provided by investors who are among the largest and most respected public and private pension funds, corporations and financial institutions in the U.S., Europe and Canada, as well as from the principals of Wellspring.
Contact Information: Contact: Melissa Daly or Elisa Marks Brunswick Group 212-333-3810