UNCERTAINTY still surrounds the future of one of Scarborough’s largest family businesses after it was put up for sale.
Pindar put its UK printing business on the market earlier this month after reporting a pre-tax loss of £1.4m on a turnover of £58.6m last year.
Speaking to the Evening News at the time, group chairman Andrew Pindar said the company had been “battered and bruised” by the economic downturn.
He added that a number of potential buyers and investors had come forward and shown and interest, but it is not certain if the company is close to sealing a deal.
Mr Pindar also said that it was too soon to say how the hundreds of workers at the company’s base in Eastﬁeld and those in Preston would be affected.
The company started in Scarborough in 1836 and employs 480 people. It was founded when George Kyte Grice, a journeyman printer, established a business in the town.
In the late 19th century, the sales territory stretched as far as a horse could draw a wagon load of paper – around 20 miles.