Melbourne print and design business Print Supply Management has closed its doors and gone into liquidation. A search is already underway for a new buyer.
Owner Tony Hale decided at a meeting on Friday last week to call in PCI Partners to handle the liquidation process.
“The business will be shut down, hopefully temporarily, as we look for a purchaser,” said a spokesperson for PCI. “We’re effectively running down the stock to see what they have.”
The company’s phone rings out and the fate of about 25 staff members is as yet unknown. Tony Hale was the sole owner after former co-owner John Emerson recently left the business.
Print Supply Management, based at 2/72 Northgate Drive, Thomastown in Melbourne's north, is an offset and digital house that offers a full range of printing and design services including binding and finishing, large format, laminating, colour and b&w digital copying, catalogues and books, business stationery, marketing material, computer forms and cheques, presentation folders and point of sale material, including packaging.
Three years ago, Print Supply acquired former competitor Core Print integrated both businesses and their staff under one roof at Thomastown.
“All ten staff from Core Print, including owner Rob Maloney, have joined us here at Print Supply, which has boosted our total staff numbers to 26," said Hale at the time. “We’re on a growth phase now after reducing a lot of debt over the past few years. We’ll be looking to move further into wide format and mailing house services and we’re aiming to do all of our finishing in-house. We want to offer clients a broader range of services and media, from digital to offset.”
A creditors’ meeting is expected to be announced shortly.