19 September 2012
Printing industry bankruptcies rise in 2011
OTTAWA—The number of Canadian printing bankruptcies spiked in 2011 after showing recovery in 2010 following a tough year previous.

The federal Office of the Superintendent of Bankruptcies reports that 50 printers shut down in 2011. Of that number, 26 were in Ontario, 16 were in Quebec, three were in Manitoba, two each in Alberta and British Columbia, and one in Saskatchewan.

Including printing support firms (prepress, bindery), the bankruptcy tally for 2010 was 28, compared to 62 for 2009.

2011 bankruptcies by category:

  Screen print Quick print Business forms Other (offset) Support
2011 7 6 1 30 6


Comments:
4. Don Hickey says:
24 September 2012 at 8:31 AM
I miss my printing customers and contacts. I closed my shop five years ago (3rd generation print shop) in S.W. Ontario. Paid all my creditors. Took to a different trade altogether. I'm an employee now, but long for the days of ownership.
3. Peter Kratoska says:
19 September 2012 at 2:31 PM
There is a difference between shutting down and bankruptcies. I would say quite a bit more than two shut down in B.C. There's also a lot that simply closed down because the work is just not there anymore.
2. Litho Guy says:
19 September 2012 at 1:20 PM
Sadly more to come, hearing the buzz on the street that a couple more are getting close. I feel like a blacksmith.
1. Mine says:
19 September 2012 at 11:32 AM
surprised it wasn't more!
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