The Shoppers business includes the PennySaver print and digital marketing brand.
Harte-Hanks president and CEO said, “The PennySaver brand is very well known in California, with a loyal readership of its publications and a committed advertiser base. The staff on our Shoppers team is dedicated and hard-working.
“However we believe that the Shoppers business is no longer a good strategic fit with the other businesses within Harte-Hanks. The focus that OpenGate Capital will now give to Shoppers will put it in a much stronger position to thrive.”
Late last year OpenGate exited car parts manufacturer Ride Control after a two-year holding period for a massive return of 50 times.
In May this year OpenGate sued laboratory equipment maker Thermo Fisher for failing to inform it that a drug cartel was operating at a Mexican plant it sold to the firm in 2012.
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