Receivership & administration

PPG administration averts court hearing
PPG Print Services has been placed into administration in an appointment that enabled it to side-step a court decision over a winding-up petition issued by one of its creditors.

Arjo admin reports reveal full scope of debt
Arjowiggins is handing over weekly payments to keep the lights on at its UK mills to offset a £1.2m debt to its energy provider, according to documents filed by the administrators that also highlight...

Employees approve offer for French Arjo sites ahead of court decision
Employees at the French Arjowiggins sites in administration have agreed to accept an improved offer put forward by Lessebo.

PPG faces winding-up petition from supplier
The owners of PPG Print Services will appear in court this month to address a winding-up petition submitted due to a “contested debt”.

Arjo UK ops courted by three bidders
Three businesses are now in contention to buy the Creative Papers aspect of Arjowiggins’ UK operations, which is currently in administration.

Walkers Instore goes into liquidation
Walkers Instore has gone into voluntary liquidation after its owners could not restore its profitability despite attempts to restructure and reposition the retail POS specialist print operation as a...

Sequana shares suspended pending admin move, court postpones Arjo decision
The Commercial Court of Nanterre has postponed its decision regarding the offers made by potential buyers for three Arjowiggins’ French sites that are in administration “in order to allow the best...

Possible bidder emerges for Arjo UK ops
The shareholder of the company that has made a bid for three of Arjowiggins’ French paper mills has told PrintWeek he is also interested in two of the UK operations, which are also in administration.

Pressroom Plus assets sold
Huber Group has bought the stock and assets of Pressroom Plus in an effort to keep the collapsed consumable reseller's customers in continuous supply.

Vision Gelpack falls into administration
Flexible packaging firm Vision Gelpack has been placed in administration only a year and a half after it was formed following environmental utility group Visionscape’s acquisition of the assets of...