Sydney based broker Horizon Print Management has bought the client list and database from collapsed Paragon Printing, for an undisclosed amount. Paragon has been a long time supplier to Horizon, the two having worked together for the past decade. The deal comes just a week after Paragon went into voluntary administration and closed its doors with around $3.3m debts to unsecured creditors.
Strategy: Stuart Page, managing director of Horizon Print Management, which has acquired the client list of Paragon
Stuart Page, managing director of Horizon says, “This fits in with our growth strategy to become a multi-city print manager, and will provide service extension opportunities above and beyond Paragon’s capabilities. “We will be able to look at each client more strategically to provide additional cost benefits and added value across the board.” Horizon says the untimely appointment of the liquidators represented an opportunity for its business to expand its operation and serve the Canberra and ACT markets. Horizon Print Management was established in 2001, with current managing director Stuart Page joining in 2008. He came from Emerald Press, and prior to that was a professional soccer player with a Sydney team. Horizon markets itself as offering its clients a 10-20 per cent saving on their print costs, along with environmental benefits, increased speed to market, and brand consistency.
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