Deal secures sale of final Pindar firm

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THE entire Pindar empire has now been sold as administrators find a buyer for the last remaining part of the business.

The family run printing giants went in to administration at the end of July after reporting losses of £1.4 million.

After selling off and closing various branches of the business, administrators have now sold the final operation.

The Scarborough based confidential printing operation has been sold to Secure and Confidential Documents Ltd.

The sale involves the transfer of all remaining 13 employees to maintain existing contracts from the Scarborough site.

Immediately after going in to administration Pindar’s largest, Scarborough based operation was sold to York Mailing, based in Elvington.

All 225 staff who worked in the web offset and bindery division were transferred as part of the deal.

However York Mailing has since announced there will be redundancies, with up to 100 staff facing the axe.

Administrators then announced the sale of Pindar’s Aylesbury cartography operation to Halstan Holdings.

The move saw all 16 of the business’ employees were transferred to the Amersham based buyer.

The news then came that 31 employees were being laid off at Pindar’s Preston site in a bid to down size the facility.

However shortly after, administrators then announced they were closing the Preston sheet fed division after failing to secure a buyer.

As a result all 72 staff lose their jobs with only a handful of employees remaining to help wind down the business after production ceased.

The sale of the second remaining business was tied up at the end of last month when administrators sold Pindar’s Agility Business to its management team.

The deal, which included the sale of shares in Pindar North America and its 12 employees, saw all 27 York based staff transferred to the newly formed company.

All that remains is the sale of Pindar’s confidential printing outstanding assets, which will be sold by Jones Lang LaSalle via an online auction in October.