STI Lilyfield has purchased the equipment and machinery of Pettaras Press after receivers for the now defunct print shop were unable to secure a buyer. Lilyfield is also re-locating it's local operations to Pettaras' facility in the Sydney suburb of Padstow.

The new site will increase the company’s floor space from 4,000sqm at its current facility in Regents Park to more than 10,000sqm. STI Lilyfield says the new site and the additional equipment will enable it to establish a new factory for point of sale (POS) materials.

Set to be completed within the next three to six months, the move includes all STI Lilyfield’s existing equipment and employees, with the company adding the move will be strategically managed resulting in no impact on the delivery of goods and services.

In a letter to customers yesterday Ian Kingham, managing director and Tom Giessler, chief operating officer of STI Group said, “In combination with the well-proven expertise of the STI Group as the market leader for POS solutions in Europe, we will offer additional products and services around POS.

“In addition to this, we are in the position to offer also additional services in our high quality commercial print business such as direct mailing, warehousing, and other logistical services at even more competitive rates.”

The equipment sale includes an HP Indigo 5000 and a 10-colour Komori Lithrone press bought by Steve Pettaras, former owner of Pettarars Press, in the last 18 months.

Earlier this month, Pettaras receivers PPB announced the wind down of the business after failing to secure a buyer for the business as a going concern. The announcement came after sale negotiations, which looked likely to see Print National as the new owners of Pettaras, broke down after several weeks of deliberation.