Thanks to an acquisition, more than 100 jobs have been saved at a long-standing Stockport, UK, printing company.
Buckleys Print & Packaging of Bredbury went into administration last month and has now been bought by Wirral-based Tipografic Print Solutions. The administration was the second time in less than 12 months that the company had run into trouble.
Originally called Buckley and Bland, the company, a specialty label printer, was founded 125 years ago. It was initially rescued by a management buyout in October 2007 before being again placed into administration in June. The company, which supplied major firms including food giant Heinz, had amassed significant liabilities as a result of a lack of investment.
“Buckleys had a reliable trading model which meant the business and assets were attractive to third parties. We are delighted to have achieved such a swift sale, which will result in an appropriate level of investment in the business and the safeguarding of a significant number of jobs,” said Simon Plant, joint administrator of SFP, a London-based corporate recovery and turnaround firm.