Worldwide Online sale gets the go-ahead

Doublewest succeeds in buying Worldwide Online Printing.

Administrators, McGrath Nicol, which handled the sale, confirmed that Doublewest was successful in securing the business. Doublewest is associated with Crystal Printing Solutions (which trades as Worldwide Online Printing Cannington). The WA business took on from Worldwide’s manufacturing hub not long after it entered administration earlier this year and made a bid for the business last month.

A spokesperson from Worldwide Online Printing, told Print21 that the sale has been welcomed by each of the 75 franchisees around Australia.

“The franchisees were satisfied with the announcement of Doublewest Pty Ltd as the new owner of Worldwide Online Printing,” he said. “Moving forward, we believe the new ownership will result in a very positive impact on the network. The new management is already in place and our focus will be one of increased support and adding value to the entire group.”

Worldwide Online’s Perth-based head quarters went into administration in February this year.