20 August 2013
Peel Graphics bankrupt, Advertek buys assets
BRAMPTON, ON—Peel Graphics filed for bankruptcy in early August and Advertek Printing has acquired its assets. Former Peel employees including president Andrew Cook and general manager Susan Nyilas have joined Advertek.

Joe Montalbano, Advertek principal and director of sales, said that the two companies shared a similar business sense. "Clients of both companies can expect it to be business as usual, but with a broader suite of services, skills and solutions to meet the growing demands and complexities of the industry," he said in a statement.

Peel Graphics' facility in Markham, Ont.
Peel Graphics' facility in Markham, Ont.

The acquisition process was initiated and secured by Montalbano and Simon Spina, c0-principal and director of finance.

C.J. Graphics in Toronto confirmed that it has also hired former Peel Graphics employees, but president Jay Mandarino notes that the hires were made prior to Peel's closing.

Peel Graphics started in 1933 as a local newspaper in Brampton and evolved into a commercial printer. With facilities in Brampton and Markham, its offerings included offset printing, digital printing, and multi-channel marketing. Advertek, based in Vaughan, was founded in 1996 and offers branding and creative design, customized e-stores, litho sheetfed, wide format and digital printing, and more.

Stay tuned for more information.

Comments:
10. Gerald says:
23 September 2013 at 12:59 PM
Business as usual, as it is the truth. If there is a shock in the industry I don't understand, as to get credit of this magnitude in today's environment leaves any company open to problems. The question should be put to everyone as to how they managed to get into the hole for this much, and no one picked up on it?
9. Going About It The Wrong Way says:
29 August 2013 at 8:40 AM
Perhaps there should be a Seminar at the next Print Show on "How to Screw your Suppliers & Get Away with it". Maybe it's already been done and most of us missed it. It seems to me that this must have been in the works between Peel & Advertek for some time. Find proof and send them all to jail.
8. Ginger says:
29 August 2013 at 7:43 AM
Two companies coming together to provide deeper services - sounds like positive growth to me..!
7. Same Old Bs says:
26 August 2013 at 11:59 AM
I'd consider the employees an asset, [not the managers]. Advertek is in for troubled times ahead with [them] on board.
6. Izippy says:
22 August 2013 at 1:46 PM
Guess we should all be asking the BOC for an unsecured line of credit. What a joke...
5. Bitter Supplier Ah Ya I Am! says:
22 August 2013 at 1:18 PM
Hey Strange brew as I read this again. Maybe 3 months is not enough based on the statement from Advertek! Advertek principal and director of sales, said that the two companies shared a similar business sense. WOW that is something to be proud of!!
4. Just Saying says:
22 August 2013 at 1:14 PM
They got the press from BDC at probably 50 cents on the dollar and that would mean they still paid too much. I also love the business as usual..Suppliers all screwed as usual!
3. Strange Brew says:
22 August 2013 at 10:45 AM
Another interesting situation, unfortunate that suppliers and employees get screwed again. Advertek should be put on COD at least for the next 3 months at least.
2. Stuck says:
21 August 2013 at 3:41 PM
Great that its business as usual for the customers, but what about all of the creditors that got screwed?
1. Stressedout says:
21 August 2013 at 10:33 AM
Just curious, if Peel is upside down to the tune of $ 4,900,000.00, what assets did Advertek buy ( before there's been a meeting of creditors )?
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