By: E&P Staff
Community Newspapers Holdings Inc. (CNHI) sold its commercial printing plant, Nowata Printing Co. in Oklahoma, to Community Publishers Inc. (CPI) of Bentonville, Ark.
Terms of the deal, brokered by Dirks, Van Essen & Murray, were not disclosed.
CPI owns the Missouri Color Web in Springfield and plans to operate that facility along with the new Oklahoma acquisition as one entity under the name Nowata Printing Co.
CPI is also making capital investments at the Nowata location, which includes a 12 unit Goss Magnum press, a Screen computer-to-plate unit, and a 6 into 1 Mueller inserter.
?We feel this purchase is tremendously significant to our long term commercial printing growth goals, and will allow us to service a much broader range of clientele,? Charlie Heidelberg, corporate production director at CPI, said in a statement.
Nowata Printing has been operating as a commercial printer for over 30 years and employs 57. Gary Hensley, general manager of the Nowata facility, will remain in his position.