New Channel Direct Sold By Weinberg Capital Group To Angstrom Graphics
DIRECT MAIL SERVICE COMPANY, FORMERLY PART OF CLEVELAND’S SUN MEDIA GROUP, SOLD BY OWNER WEINBERG CAPITAL GROUP
CLEVELAND, Dec. 1, 2016
CLEVELAND, Dec. 1, 2016 /PRNewswire/ — New Channel Direct (“New Channel” or the “Company”), a Cleveland, Ohio based direct mail service firm, announced today that it has been sold to Angstrom Graphics, a Cleveland based family operated company that offers a wide array of print, fulfillment, omni-channel and marketing solutions. Founded in 1952, New Channel had been owned by Weinberg Capital Group (“WCG”), originally as part of the Sun Media Group, which also owned Sun Newspapers. Sun Newspapers was sold to Newhouse Publications in 1998 and WCG continued to operate New Channel as a standalone business since that time.
The transaction represents an expansion of Angstrom Graphics’ offerings in direct mail and multi-channel marketing solutions, which will include design, list generation, data processing, final mailing, data storage and customized reporting.
Carol Swearingen will remain President & CEO of New Channel, now a division of Angstrom Graphics. Said Swearingen, “in recent years we have grown from serving a local customer base to providing services to clients across the US. With the support of Angstrom Graphics’ broad range of services, particularly printing, we will enhance our customer offerings even more.”
About Weinberg Capital Group
WCG is a Cleveland, Ohio based private equity group whose principals consist of Ronald E. Weinberg, Ronald E. (Chip) Weinberg, Jr., John E. Herman and Cameron S. Miele. WCG invests in well-positioned middle market companies. WCG focuses on businesses where the current ownership and management reinvest in the transaction, and management remains in place, affording current shareholders and management an opportunity to achieve liquidity coupled with ownership continuity. WCG invests in companies throughout North America with annual revenue from $15 to $100 million and EBITDA ranging from $2 to $10 million. The firm’s current portfolio covers a broad range of industries including manufacturing, business services, aviation services, financial services, consumer products, retail and value added distribution. WCG also acquires income producing properties, with a primary focus on retail shopping centers. Additional information on WCG can be found at www.weinbergcap.com.
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SOURCE Weinberg Capital Group