TMA ACQUIRES PRESFAST TO BOOST IN-HOUSE POS CAPABILITY
TMA Group of Companies has acquired Presfast, the retail display print business that went into voluntary administration last month.
TMA has a successful track record of buying print businesses and integrating them into its group, including the likes of Impress Colour, Premier and LMA, and back in March it acquired the Sydney-based Spotpress heatset business from the Georgantzakos family.
Anthony Karam, group executive chairman, TMA, said, "The acquisition of Presfast provides greater opportunity to extend TMA’s print management point of sale capabilities."
Presfast will continue to operate from its current site in Revesby. Presfast has been in operation since 1987, producing signage and POS displays as well as packaging, kitting, fulfillment and distribution services for a variety of high-profile corporations and creative agencies.
It has 20 staff, equipment including a robotic Inca Onset X1 and six-colour Heidelberg CD, and significant litho laminating capabilities.
The company’s former owner, Gavin Bloor, cited a switch in buying strategy from its major client 18 months ago as the reason for the company hitting the skids.
Trent McMillen, Administrator for MaC Insolvency stated, “This is a great outcome for Presfast. MaC Insolvency prides itself on preserving businesses, and we look forward to seeing Presfast thrive under TMA’s ownership.”
TMA Group of Companies is an Australian‐owned multinational print, print management, technology and logistics company.