The Edinburgh-based company bought the assets of Summerhall Press out of administration on 15 December via an acquisition vehicle, but appointed French Duncan to the business only eight days later with the loss of 135 jobs.
Terry O'Hare, managing director of Stewarts, told PrintWeek of his disappointment at the move: "We tried our very best."
He added: "It is very regrettable that jobs have been lost. We are working with the liquidator to finish the work in progress."
O'Hare refused to be drawn on details behind the closure or whether further action was to be taken against the vendors of the business.
"We acted decisively when the unforeseen circumstances became apparent and continue to provide an honest and quality service to our clients," he said.
He added that there were no immediate plans to transfer any staff or assets from Summerhall to Stewarts.
Stewarts confirms Summerhall to be liquidated
Stewarts has confirmed that it has been forced to liquidate the recently acquired business of Summerhall Press following "unforeseen circumstances" which made the business unviable.
