CSM Live, the parent company of CSM Retail, has confirmed the completion of an asset purchase relating to equipment at the Chessington site of Service Graphics, which was put into administration last month.
The purchase includes printing, laminating and finishing machinery of the former Service Graphics Chessington business, whilst we have also taken a short-term licence to occupy the Chessington site.
The investment will strengthen our current capabilities as well as supporting the future growth of the company. Initially, the machinery will remain in Chessington as we develop plans to integrate the machinery into the wider business over the coming months.
CSM Live CEO, Alastair Bewick commented on the asset purchase:
"The last month has been a difficult time for many people related to the Service Graphics business and a lot of former clients have also been left in a position of uncertainty. Following the asset purchase, we are clearly now well placed to provide support where we can.”
“Overall, this investment demonstrates our own confidence in the industry, and provides greater capacity to support our clients as we look forward to one of our busiest years ever.”