Paddock Publications, the publisher of the Daily Herald (Arlington Heights, Illinois), has reached an agreement with an affiliate of Tribune Publishing for the sale of the 20-year-old Paddock Printing Center in Schaumburg, company officials said Wednesday.
Twenty Lake Holdings, which will be the new owner of the 160,000-square-foot facility on 21 acres along the Elgin-O'Hare Expressway, is a fellow affiliate of Alden Global Capital along with Tribune Publishing.
Both parties to the sale also have agreed to a long-term contract for Tribune Publishing to print and distribute the Daily Herald.
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