CMYKhub acquires trade printer

CMYKhub has made two big moves in Perth by installing an A1 Ryobi press and acquiring a local trade printer.

Founder Clive Denholm said CMYKhub installed a five-colour Ryobi 920 plus coater in its Perth hub in late July to run alongside a four-colour A3 Ryobi press.

Denholm said the production boost would give local resellers a competitive advantage.

"We wanted to bring faster turnaround trade printing to the Western Australia market. We have a number of products that we now have ready within 24-48 hours," he said.

"We are finding with the growth in internet sales that many resellers look at the print market in Australia as a national market.

[Related: CMYKhub orders Ryobi 928P]

"This requires a national supply solution that has consistent standards and reliability. CMYKhub has a lot of requests from customers to be able to offer the same products, quality and turnaround times in Western Australia that we offer on the eastern seaboard."

The Ryobi installation comes after CMYKhub added "a little bit of extra turnover" by acquiring the colour business of distressed Perth-based trade-only printer Top Print.

Denholm said CMYKhub acquired Top Print's customer list, although not its debt, "however the sale of assets should allow Top Print to pay its creditors in full". The deal came about after Top Print came under financial pressure due to copping a bad debt of $100,000 from a Sydney client, he said.

Denholm told ProPrint that Top Print would continue trading under its own name from its current premises, but that it had been downsized to a two-person operation specialising in NCR printing and PMS work up to A3 size.

[Related: More WA news]

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