In a multi-million-dollar sale on Sunday, The Sheridan Group of Pennsylvania purchased the Dartmouth Printing Company, a private publications printing corporation, although the company will continue to operate independently.
With the addition of both Dartmouth Printing and Capital City Press -- a scholarly journal printer in Montpelier, Vt. -- to Sheridan's three other printing companies, the sale places Sheridan among the top 50 printing companies in North America with total sales of $150 million.
Dartmouth Printing's major market areas are Washington D.C. and New York City, but its past publications have also included The Dartmouth Alumni magazine, commencement programs, Honors and Degrees and the Organization, Regulations and Courses book.
Dave Hewitt '64, former executive vice president and part-owner of Dartmouth Printing, said the sale enabled former president Mike Smith '57 to retire, moving Hewitt into the president's position.
The sale will provide the business with the financial capital required by an increasingly technical printing market, Hewitt said. He also said the sale will not noticeably affect business operations nor will the change affect the established culture of the printing company.
According to the press release from Sheridan Group Chief Executive Officer of John Saxton, "Both Capital City Press and Dartmouth Printing Company are an excellent fit with our existing business and represent a significant investment intended to strengthen The Sheridan Group's long term position in the printing industry."
As a part of The Sheridan Group, Dartmouth Printing will continue to pursue Dartmouth College publications that "make sense" for the company, such as the Medical School magazine, Hewitt said.
Dartmouth Printing Co. began about 200 years ago and moved from Allen St. to its current location on Lyme Road in 1965.
