Liquidator seeks EOIs for Adherettes sale

Port Melbourne based signage and built-brand company Adherettes has gone into voluntary liquidation with its liquidators, Pitcher Partners, actively seeking expressions of interest for the sale of the former.

Pitcher Partners liquidators Andrew Yeo and Gess Rambaldi are in the process of selecting a new owner for Adherettes and are calling on the last of applications from interested parties in the industry.

“Pitcher Partners is presently also going through an urgent sale of business process, looking to determine the next owner of the company’s business.

“The liquidators are presently continuing with the sale process. We will not be commenting on specifics of individual offers.

“Any interested parties should urgently contact Pitcher Partners partner James Beaumont on [email protected] or 03 8610 5568,” Yeo told Sprinter.

Yeo added that the liquidators hope to be in a position to make an announcement in the next 10 to 14 days.

A recent ASIC notice recently addressed the liquidation of the 40-year-old business which has been family operated all this while.

Adherettes has built brands for some of Australia’s largest companies, including ANZ, Telstra, Medibank, Kmart, Westfield and JB Hi-Fi.

The company looked after the design, project management, manufacture and installation of signage and branding requirements, including bespoke, national rollout, wayfinding, architectural treatments and digital products.

“Corporate branding and signage have changed a lot in the last 35 years, and so have we,” a statement on the company website read.

“Our unique in-house capabilities enable us to work together with our clients to prototype, improve and build signage that not only captures each individual client’s brand, but is practical, useable and inviting.

“It means instead of dealing with dozens of different suppliers, our clients are able to develop genuine, long-term relationships with us to help them improve their corporate presence in an increasingly cluttered and competitive environment.”

The company is still in operation until Pitcher Partners make a decision on operations.

“Pitcher Partners is presently trading the business as a going-concern. All staff have been retained and customer orders are presently being met,” Yeo said.

More to follow.

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