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4 January 2023
Brant Instore Put Into Receivership and Sold
BRANTFORD , ONTARIO—
Brant Instore, formally Brant Screen Craft that sold to North American retailers, was placed in receivership on December 20, on application by BMO, owed approximately $13 million. 139 people are employed with the company, including 97 unionized workers. Sales declined from $41 million in 2019 to $29 million in 2021 and the loss of key customers, resulting in continued financial losses, which, since 2019, total approximately $16 million.
Brant Instore customers are focused in the retail field which hard hit during pandemic. Equipment included a Inca 63 x 126, Aquity 96 x 120 , four smaller wide format machines, Three sheet fed 80" Offsets presses , 40" six colour, two Brausse die cutters , automatic gluer and bindery equipment . The company was sold out of receivership on the same day as it filed. It has been sold to an Ontario numbered company which industry sources say is owned by JAL Equity out of Florida. JAL has been buying printing companies across North America. In 2013 Brant Screen was sold to an Indianapolis-based private equity firm, Hammond, Kennedy, Whitney & Company.
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Comments:
2. Betterchef says:
No. No, don't do that.
1. Chef says:
Better get the brothers back again.
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