Fastfold gets new lease on life after being bought out of receivership

Grant Allen, manager of the Auckland-based firm, said the response from clients since Fastfold’s re-opening had given strong reason to believe the company had “a bright future”.

“We are trading quite happily,” said Allen of the firm, which is understood to have been acquired by a family business.

“We cater for a range of finishing options, typically doing magazines, flyers and leaflets and including crash-folding, creasing, die-cutting, perforations, shrink-wrapping, offset and digital finishing.

“The economy is slowly starting to come out of its recession. So, if you can get in on the ground floor now, you have a strong chance of doing well,” added Allen (pictured).

The new owners have retained some of Fastfold’s existing staff, including Allen, and added new machinery, which they expected to add value to the business and increase its offering over some competitors.

Allen said the new owners brought years of experience within the industry and had put the appropriate leadership in place to make the company strong, profitable and “a force to be reckoned with again”.

Fastfold was established in the mid-1980s, when the previous owner spotted a gap in the small to medium print market and quickly grew the business into a leader in short-run booklet and flyer work up to 5,000 copies.

At its peak, Fastfold employed 15 staff. However, as a result of the worldwide economic recession, the firm became one of many within the industry to falter and went into receivership earlier this year.

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