Receivership & administration

Sweden's Lessebo mill has been saved from closure after Norwegian investors bought the assets from its previous owner, insolvent Vida Paper.

Scottish printer Montgomery Litho Group's (MLG) resurrection has polarised industry opinion.

KPMG has confirmed that it does not expect unsecured creditors of Pindar PLC to receive any payout from the sale of the group's assets.

Sussex, WI-based Quad/Graphics this week finalised its acquisition of direct marketing powerhouse Vertis out of bankruptcy for a net amount of $170m.

Montgomery Litho Group's (MLG) Glasgow arm has been bought by its production director Janette McAllister in a management buyout deal agreed with provisional liquidators KPMG last night.

Scottish print firm Montgomery Litho Group (MLG) has appointed provisional liquidators after a major customer loss forced the company into financial difficulty.

Swedish paper manufacturer Vida Paper is looking for an investor to save the company after it declared bankruptcy at the end of 2012.

Readers Digest UK has cut 95 staff from its 120-strong workforce with immediate effect, citing declining book, DVD and CD sales.

Suffolk-based TFR Print Finishing has entered liquidation owing almost 70,000 to its creditors.

Label printer Superdata has reemerged as Immediate Label vowing to pay creditors back 100,747 in outstanding debts.