Paper money.Brentwood Associates, a private equity investment firm, has acquired a majority interesting in Chicago-based Paper Source Inc. Paper Source designs, manufactures and markets a variety of paper products including invitations, stationary Stationary can mean:
as·sort·ment n. of formats and colors. Paper Source sells their products through 21 company-owned retail stores in seven states and Washington D.C., and via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and catalogs. The selling shareholders, Susan Lindstrom and James York, will maintain a significant minority interest in the company. Along with the acquisition, Brentwood hired Sally Pofcher, the former senior vice president of brand strategy and business development for Gap Inc., as the new chief executive of Paper Source. |
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