A NSW wide format print house, Craftech, has fallen into administration and has appointed insolvency and business advisory company O’Brien Palmer as its administrators.
Craftech was known as a full service, one-stop-shop, central hub of all things wide format, based in Seven Hills in NSW.
It offered print for applications such as point of sale, in-store marketing, promotional material, banners, posters, outdoor signage, temporary and semi-permanent in-store displays as well as laser engraving and cutting.
According to the Australian Securities and Investments Commission (ASIC), the company, registered as Craftech Custodians Pty Limited, is facing external administration.
A creditors meeting has been scheduled for September 4 at O’Brien Palmer’s office in Sydney to evaluate the proceedings for Craftech.
A number of Craftech’s wide format printing presses and equipment were initially placed for auction at Liquid Asset Management, but within a matter of just days, the online auction was announced as postponed.
Printing, pre-press and post-press equipment that were initially included in the online auction include Oce Zund products, Oce Arizona printers, and a Trotec laser engraver machine amongst other solutions.
No further details have been disclosed about the postponement of the online auction.
More to follow.
At the time of writing, Craftech and its administrators O’Brien Palmer were contacted for comment.
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