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PPL buys Bridge Direct (UK)

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Print Productions (PPL) has bought fellow Nottingham-based print management firm Bridge Direct (UK) less than a day after it went into administrative receivership with KPMG.

A KPMG spokesman said a deal had been concluded in the early hours of Friday 22 March, and that a statement would be released in due course.

Bridges bank, HSBC, called in KPMG on 21 March.

But Merlin Colour Printers, the Canvey Island-based firm bought by Bridge last year, is not included in the administrative receivership.

Bridge is believed to have been the preferred supplier for Xeroxs European print.

This story will be updated as more information becomes available.