As a result of the successful sale of Graphitype Printing Services (GPS) to Dominion Print Group, where Ascent Partners acted as sales agent, an On Line Auction for the excess plant and equipment will be held in February 2017 (Ascent Partners on behalf of GPS). Full details can be found on this web site - http://www.printmachineryauctions.com.au/.
The machinery will be able to be inspected on Tuesday 24th January and will be able to be shown in operation at 6 Binney Road, Kings Park, Sydney.
The Auction starts on February 8th and runs through to February 10th 2017. All enquiries can be made via Richard Rasmussen at Ascent Partners – richard@ascentpartners.com.au. Or on mobile 0402 021 101.
As the Graphitype business will be moving into Dominion’s premises, an opportunity also exists for parties who may be looking to relocate into a purpose built printing facility. A good commercial property lease is available from around March 2017 in Kings Park (1,975 square metres of which 314 square metres is of office space).
Rasmussen of Ascent Partners says “It has become commonplace for deals like this to occur where we sell the goodwill and some plant and equipment, and then need to dispose of the excess plant. In this case we were acting for the vendor, but we have also acted for purchasers, and facilitated mergers where the same situation occurs. In most M&A activity there seems to be excess equipment to sell and we think offering an On Line Auction, like this one, will provide us with the ability to provide a full one stop shop and dispose of equipment quickly and efficiently and with a good return”.
Ascent Partners Pty Ltd
www.ascentpartners.com.au
www.printmachineryauctions.com.au
