Family-owned Bassett Printing Completes Ownership Succession with NAPL's Assistance

PARAMUS, NJ—September 9, 2009—David M. Flach, Jr. has purchased all outstanding shares of Bassett Printing Co. of Bassett, VA, according to NAPL. Flach had already owned 5% of the full-service commercial printing business previously held by the estate of his father, the late David M. Flach Sr.

The announcement was made by John Hyde, NAPL Senior Vice President, who advised the new owner regarding business valuation of the company and structured the purchase transaction. Flach, facing enormous challenges in achieving the purchase, turned to Hyde in February of 2007, following his father’s passing in August of 2006. “It’s taken this long to get the purchase resolved, and NAPL has done an excellent job,” Flach said.