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Transcontinental Sells Fairborn Printing Plant

Monday, June 01, 2009

Press release from the issuing company

Fairborn, Ohio -- Transcontinental Inc. announced today that it is selling its Transcontinental Miami Valley, a printing plant specialized in insert printing for local retailers, to a company controlled by Mr. Ralph Pontillo. The transaction secures the future of the plant in Fairborn, to the benefit of its employees, loyal customers and the local community.

“Following a review of our business objectives, we have decided to sell Transcontinental Miami Valley,” said Norrie Meth, Senior VP, Retail Group, Transcontinental Printing. Given the more than 20 years of an exceptional relationship, I want to thank all of the employees of Transcontinental Miami Valley for their support and commitment and I wish management all the best moving forward.’’

Ralph Pontillo, general manager of the plant and new owner, added: “This new start is a unique opportunity to keep serving our customers while preserving jobs and making a vital contribution to the local economy. Thanks to our specialized knowledge of local advertisers and retailers, we are in an excellent position to continue to contribute to the rich history of the Miami Valley printing plant.”

The Miami Valley plant was acquired by Transcontinental in 1986. The plant specializes in retail insert printing, such as grocery flyers, and commercial printing.




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