Rival finisher buys PNPS out of administration

Collapsed Western Sydney firm PNPS Packaging & Print Finishing has been bought out of administration by rival print finisher Packaging Processors in a major consolidation move.

The Silverwater-based company has bought the business and assets of the $1.5m turnover company which entered administration early this month, and is in the process of moving the kit into its facility and a newly-leased property in Rydalmere.

Packaging Processors general manager Chris Montague says buying out one of its top competitors is a major coup that will double its stable of gluing machines from three to six and increase capacity by 40-50 per cent.

[Related: More mergers and acquisitions]

He says the business will operate out of the Silverwater and Rydalmere locations for the next 18 months and then be consolidated into a bigger site elsewhere.

“This is a perfect fit for us since they were competitors and we can now offer full service on carton finishing and increase our production and reach,” he says.

“It gives us a bloody good position in the market.”

Montague says more staff will be needed to handle the increased production but that he will wait until a pending Fair Entitlement Guarantee claim is resolved before individually interviewing the some 12 PNPS staff for positions.

Founded more than 25 years ago, Packaging Processors is a trade-only packaging and print finishing company with 19 staff and some 290 printers as clients across NSW.

“Lots of general printers are starting to do carton work and we also handle things like presentation folders,” Montague says.

PNPS had been in business since 1987 from its 2000sqm Wetherill Park plant and provided folding and inline tip-on gluing of cartons, wallets, multimedia packs, folders and files; carton window patching and window facing; and taping.

It also handled various special finishing services such as finishing and assembly of point of sale, promotional and special purpose items, kits, showcards, brochure stands, counter units, sample swatches, eyeletting, riveting, stapling, and application of disc dots, magnets, velcro, labels, stickers and struts.

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