Kalamazoo auctions assets

The financially troubled company continued to trade after going into receivership, but was then forced to cease trading after a purchaser for the business as a whole was unable to be found.

As a result its doors were closed and assets auctioned off on Thursday and Friday last week.

Chris Honey and Murray Smith of McGrathNicol+ Partners were appointed receivers and managers by the National Australia Bank over Kalamazoo and four of its subsidiaries, on September 12 after the companies were unable to meet their financial obligations and secure alternate funding. They were appointed over a further two companies on September 14.

“Interest in the goodwill of the company has been shown and the administrators are in negotiations concerning the sale of the intellectual property of the company, including its trade names and customer list,” says Honey.

The Kalamazoo group, based at Granville, has been a major force in the printing industry throughout Australia and New Zealand for over 80 years. Over this time the company has grown to include flexible business systems, print management and e-commerce among its offerings.

The company employed in excess of 100 people.

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