TMA Group of Companies has acquired Presfast Pty Ltd, a large independent printing business specialising in retail communications.
TMA Group executive chairman, Anthony Karam stated, “The acquisition of Presfast provides greater opportunity to extend TMA’s Print Management Point of Sale capabilities. Presfast will continue to operate from their current site in Revesby.”
Presfast has been in operation for almost 40 years, producing signage and POS displays as well as packaging, kitting, fulfillment and distribution services for a variety of high profile corporations and creative agencies.
Presfast entered voluntary administration last month with expressions of interest requested by Monday 6 November.
The company that has been operating for three decades is well known for packaging, point of sale and displays for large clients including Coca-Cola utilising an Onset as well as Heidelberg equipment.
Industry sources have told ProPack they are hopeful the staff will remain employed at the Revesby site.
Trent McMillen, administrator for MaC Insolvency stated, “This is a great outcome for Presfast. MaC Insolvency prides itself on preserving businesses and we look forward to seeing Presfast thrive under TMA’s ownership.”
TMA Group of Companies is an Australian-owned multinational print, print management, technology and logistics company.