Melbourne commercial printer Print Dynamics has started selling off its equipment and printing machinery after closing the doors at its Mount Waverley factory last week.
“We’re in the process of selling all of our equipment but we haven’t yet closed any deals,” says co-owner/founder Mark Shapiro. “We’re talking to many different people but nothing’s been signed with anyone.” It’s understood the sale is aimed at paying off creditors.
Shapiro declined to comment on a report that takeover specialist Mark Shergill of Focus Press was amongst those taking a look at what was on offer. Shergill was unavailable for comment.
Print Dynamics went out of business last week, 17 years after being founded by co-owners Shapiro and Anthony Saben.
It has now ceased trading and its website has been taken down.
Since being established in 2000, Print Dynamics developed into a commercial print house that employed about 25 staff members with an estimated turnover of $9.5 million in annual revenue, according to an online business directory.
The company offered complete offset and digital printing services from prepress to finishing, as well as mailing and graphic design. Its major clients were print management companies and it was a Stream Solutions awarded supplier.