PPL buys Bridge Direct (UK)

News by

22 March 2002

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.

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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration. We are all still left unable to claim the redundancy and notice pay owed..."