Mark Shergill of Focus Print Group has made an offer for Michael Wu’s collapsed Melbourne digital print company Longbeach Printing.
“We’ve spoken to the liquidator and made an offer,” says Shergill. “We’re interested in acquiring the Longbeach assets and we’re trying to see what we can do but we’re still waiting to hear from the bank and it may just be too difficult.”
In the meantime, Focus has taken on the work that Longbeach was producing for the Australian Made campaign. “Yes, we’re doing some of the Australian Made labels and that sort of thing,” says Shergill.
If the deal goes through, it would be the 11th acquisition since Shergill took control of Focus Print in 2014 and began an aggressive expansion policy.
Longbeach liquidator Timothy Holden of Foremans Business Services says it could take many months to sort out the mess left behind when Longbeach went into liquidation earlier this year.
Assets are being dealt with but I have no further comment, writes Holden in an email. Michael Wu continues to assist me with my investigations - no further comment; My investigations and administration of a liquidation such as this generally take 6 to 18 months before finalisation.
Longbeach closed its doors in August.