Melbourne digital and offset business Print Supply Management is now in liquidation, with the Thomastown business closing its doors and dismissing its staff on Friday.
Owner Tony Hale says, “It is true that we have gone into liquidation but we are not making any comment on it.”
The business offered printing and design services, including stationery, large format, books and catalogues and point of sale material.
The company’s liquidation is being handled by PCI Partners. What will now happen to its equipment remains unclear, although an auction to raise some money for creditors is likely.
The current business had sprung up from a deal when Print Supply Management and Croxton Printing merged in 2009, after Croxton had gone bust. The combined operations moved into the Croxton premises in Thomastown, north Melbourne.
Hale and Croxton general manager John Emmerson each took a third partnership in the business, buying out Croxton co-owner Brett Murphy. At the time, the deal saved Croxton’s 20 staff.
[Related: Picton calls in administrators]
Emmerson left Print Supply in February, and since then has been running Emmerson Print Solutions.
In 2015, Print Supply acquired its rival Core Print, integrating the business and its ten staff with its own at Thomastown. At the time, Print Supply then had 26 employees.
Commenting on the latest development a local printer told ProPrint, “Prior to the current business, it had gone broke under the previous owner. The people within the company kept it going, there were two or three.
“A print broker moved in and then moved out. There seemed to be lots of movement within the company.
“We never dealt with them, did not do any work for each other. But every time I passed, the roller door always seemed to be up and they seemed to be working. It is a disappointment to the trade.”
ProPrint wishes to clarify Gerard Luxon, owner of AM:PM Communications has not been associated with Print Supply for seven years.
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