Golden Books Family Entertainment to Sell Wisconsin Printing Facility

Posted on December 1, 1998

Golden Books Family Entertainment, Inc. has announced its decision to sell its printing facility in Sturtevant, Wisconsin. The newly-constructed plant has been in operation since February of this year.

The Racine County facility is a 440,000 square foot manufacturing building located in the Renaissance Business Park. Designed by the architectural firm, Eppstein-Uhen of Milwaukee, Wisconsin, the facility was built to the Company's specifications by First Industrial Development Services Group, L.P., and is being leased to the Company on a long-term basis. The facility was constructed with an eye toward efficiency and cost reduction.

"The new facility and its work force do an excellent job and produce a very high quality product," said Richard Collins, the Company's Chief Operating Officer. "However, we feel that it would be in the best interests of Golden Books and the plant for the facility to be owned by a company committed to the printing business which could bring additional work to the facility and reduce unit costs. We plan to have an ongoing relationship with the facility as a customer and look forward to years of good service."

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