Winnipeg Free Press - PRINT EDITION

Printer reborn under new owners

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A year after a minor culling of the commercial printing capacity in Winnipeg, at least one piece -- Dave's Quick Print -- is back and better than ever.

Dave's Quick Print was sucked into the receivership of the Printcrafters Group of Companies last year after Printcrafters' overly aggressive ownership took on too much debt in an acquisition spree.

But Dave's has been revived under the new ownership of Randy Premachuk and Randy Nelson, former long-time employees, and it is now making a case to disprove the rumours that print is dead.

After helping Ernst & Young, Printcrafters' court-appointed receivers, manage the business for a few weeks after the receivership in the spring of 2011, Premachuk and Nelson made an initial offer the receiver at first rejected, but then a sweetened bid sealed the deal.

Joe Healey, the Ernst & Young partner who managed the Printcrafters file, said there are often opportunities to sell off pieces of companies in receivership.

"In the case of Dave's Quick Print, there was an urgency to do that deal very quickly," he said.

In the receiver report to the court, it was noted "the receiver is of the view that a limited time frame was necessary as customers were migrating to other printers, and a longer sales process would have resulting in a significant deterioration of business."

Premachuk said thanks to a lot of goodwill in the industry -- everyone from landlords to paper suppliers -- the business has been revived and now employs more people, 18, than it did prior to the receivership.

"The total volume of print business may be down, but people still need print services," Premachuk said.

In addition to the support from the industry, Premachuk and Nelson attribute the revived Dave's Quick Print's success to the fact it is small enough to handle more specialized short-run target marketing material and it's committed to a full-service approach.

"We had confidence that we could make this work," Premachuk said. "We really believed that if Dave's was not around there would be a void in the market."

While there may be fewer large-run print jobs, Nelson said Dave's can make a go of it by being a full-service operation.

"We're about more than just putting ink on paper," Nelson said.

martin.cash@freepress.mb.ca

Republished from the Winnipeg Free Press print edition September 7, 2012 B6

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