York printing company under new ownership
Following the retirement of its longtime president, The Triangle Printing & Packaging Co. in Springettsbury Township has been acquired.
The buyer is Wiesman Capital, also based in Springettsbury Township. Terms of the transaction were not disclosed.
Colby Wiesman, president of Wiesman Capital, described his organization as having various business-to-business and consumer market subsidiaries. They include HR Pharmaceuticals, which makes lubricating jellies used in ultrasounds and other medical procedures.
"Triangle was a target we sought out about a year ago as an investment for vertical integration," he said, adding that Triangle's packaging products aligned with products purchased by HR Pharmaceuticals.
As part of the acquisition, Wiesman Capital bought out all Triangle shareholders including majority shareholder and retiring president Louis Levi, as well as Michael Dohm and Guy Wilcomb.
Wiesman said he aims to grow Triangle into a regional leader, and one day, a national leader in commercial printing and digital services, and as a packaging supplier.
"We expect to be adding new shifts shortly," he said. "We'll be looking for some good, qualified people."
Triangle Printing will continue to operate under its current name, said Michael Dohm, vice president of sales for the company and son of its founder, James Dohm.
Triangle offers clients a range of design, print, converting, product fulfillment, assembly, pack-out and multi-point distribution services.
"Our company is improving, being more responsive, manning our ships, and keeping prices competitive. (The acquisition) will allow us to grow in volume and size," Michael Dohm said, noting that Triangle has around 40 employees. It was founded in 1972.
Since the March 1 acquisition, Dohm said operations have been especially productive. He sees the company focusing on packaging, folding cartons and other dimensional printing products.
"We’ve done more for infrastructure in the last four days than we have in the last several years," he said. "This truly is an exciting time and will offer new employment opportunities within manufacturing, production and operational areas."