Jan. 11, 2013
/PRNewswire/ -- 2013 marks the beginning of a new era for 66 year-old Wheal-Grace Corporation. A buying group led by
along with the third generation of printers in the family;
, have acquired controlling shares of the museum quality commercial printer.
, who took over control of the business from his father in 1985, will step down as CEO and take on the responsibilities of Director of Marketing. His wife Nancy, who has been involved in the business for three decades, will manage the business as its new President. Amy and Beth, owners and operators of Wheal-Grace's sister company, Greenwich Letterpress, located in the West Village in
New York City
, will maintain minority ownership while Nancy will take over the daily management of Wheal-Grace.
"The company will experience no personnel changes," said Nancy. "
, our outstanding General Manager, will remain in place along with our first-class employees." The change will help transition the business to the third generation while insuring a succession plan for our valued clients and employees. "I'll work closely with our current management team while Emil will contribute his invaluable marketing skills," added
. Amy and Beth will continue to gather management skills as they operate Greenwich Letterpress that will lead to their goal of operating Wheal-Grace. The company structure has not changed so the firm has the same tax ID, FSC and corporate DUNS number and all contracts with clients and vendors remain unchanged.
"We will be self-certified for the time being and plan on applying for official Woman Owned Certification by the 3rd quarter of 2013," noted
. Wheal-Grace will remain a New Jersey Category 3 Certified Small Business.
Wheal-Grace is a high quality commercial printer that has been servicing the corporate and advertising community for over six decades with an emphasis on
. Their facility in
Belleville, New Jersey
is operated on 100% wind power.
This press release was issued through eReleases® Press Release Distribution. For more information, visit