Hess Print Solutions Assets Acquired by Bang Printing

Brimfield, OH—Hess Print Solutions and its subsidiaries (HPS), a print provider of catalogs, books, publications and educational products, announced that HPS has entered into an agreement to sell substantially all of its assets to an affiliate of Bang Printing.

To facilitate the sale of assets, HPS has commenced a prepackaged voluntary Chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. HPS has obtained debtor-in-possession financing with certain of its existing secured lenders, which, along with the company's cash flow, is expected to provide the working capital necessary to meet its ongoing obligations while the company pursues approval of the sale.