Financial fallout of Geon revealed: more than 200 print industry creditors
The collapse of Geon has left almost 700 creditors chasing more than $15 million in debts.
11 April, 2013The collapse of Geon has left almost 700 creditors chasing more than $15 million in debts.
11 April, 2013US private equity firm KKR and its partner, Allegro, have claimed they would have turned Geon around in just 10 days.
14 March, 2013Geon’s debts are expected to total more than $110 million, according to administrators PPB Advisory.
5 March, 2013Geon fell into administration after KKR and Allegro rejected a request for $3 million of funding that could have kept the business afloat, it has emerged.
4 March, 2013The Geon situation looks increasingly desperate as the receivers say the ongoing boycott by paper merchants may force them to close plants and cut jobs.
1 March, 2013Geon’s consolidation strategy could have worked if it had been better executed, said printers whose companies were rolled into the group.
26 February, 2013Geon boss Graham Morgan has said KKR and Allegro are serious about acquiring the group, while also hitting out at the trade press.
25 February, 2013Geon has been tipped into receivership by new owners KKR and Allegro, the second printer to go under in a single day.
21 February, 2013End of content
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