Pindar Preston to close after hunt for buyer fails

Pindar's Preston sheetfed site is to close after no buyer emerged for the facility.

Production at the site ceased yesterday (8 August). The operation had already been drastically downsized by administrator KPMG, with 31 out of 72 employees laid off just over a week ago.

A handful of employees remain at the factory to help wind-down the business. KPMG now plans to sell the company's assets, which include a new six-colour Heidelberg Speedmaster XL105 with double-coater, along with 10- and 12-colour long perfecting Speedmasters fitted with CutStars.

Pindar's confidential print operation, based in Scarborough, and its Agility software wing continue to trade in administration. A spokeswoman for KPMG said it was "liaising with interested parties" for those businesses.

Pindar's Aylesbury cartography operation was sold to Halstan just over a week ago. The web offset business was acquired by York Mailing immediately after Pindar went into administration on 26 July.