Hess Print Solutions Announces Plan for Sale to Bang Printing: Hess Print Solutions and its subsidiaries, a provider of accountable print performance solutions and other value-added services for catalogs, books, publications and educational printed products announced today that HPS has entered into an agreement to sell substantially all of its assets to an affiliate of Bang Printing. The decision to sell to Bang Printing followed an extensive process of reviewing various strategic opportunities for HPS that was aimed at ensuring it will remain a viable long-term business partner for customers, vendors and employees. This sale will allow HPS and Bang Printing to combine their existing capabilities and provide customers with a more diversified suite of products and services. “The strategic decision to pursue a financial restructuring through a sale will allow us to proactively and quickly improve our financial position and ensure we have the resources to meet the needs of our clients, suppliers, employees and other business partners going forward," said Jerry Haywood, interim CEO of HPS. Bang Printing has over 100 years of experience in the book and commercial printing industry. Bang Printing, which has its corporate offices in Brainerd, MN, offers complete printing, binding and fulfillment services at a competitive price. Bang Printing has facilities in both Minnesota and California.
