Keldia Printings administrators have agreed a price with Masterspeed, a subsidiary of Alito Color, for the business of the Walthamstow commercial printer but contracts hadnt been signed before PrintWeek went to press.
Joint administrator Andrew Andronikou has called a meeting of Keldias creditors committee for next Wednesday (14 November), where he will present the deal.
Alito chairman Terry Brady won the race after Thomas Potts decided not to submit a bid.
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Revenue up to £3.2m, profits quadupled
Footprint picks up pace of acquisition strategy with Swindon’s C3
Controversy emerges over relationship with potential suitor
National World shares soar on takeover approach
24/7 access for customers
Bakergoodchild launches new SaaS platform
Strategic move for global growth