Times Press Acquires Certain Apache Superior Assets, Following Bankruptcy
November 11, 2015 By PrintAction Staff
On September 23, 2015, Apache Superior Printing Ltd. of Calgary filed for bankruptcy though the Canadian Bankruptcy and Insolvency Act.
Apache’s Trustee in Bankruptcy later filed an application for certain Apache Superior assets to be acquired by The Times Press Limited, also of Calgary, which was approved by an Alberta Court in early October.
The Apache assets purchased by The Times Press includes all information related to the customers of Apache, such as customer lists, historic files and various computers containing this material. According to court documents, the purchase price of the assets was $80,000, with no other assets purchased.
As a result, the remaining Apache Superior Printing assets will be sold through an auction scheduled for December 4, 2015. This includes a 2003 Heidelberg SM CD74, 2000 Heidelberg SM 52, Komori S-288 Sprint II, 2008 A52/A74 Heidelberg Suprasetters, 2007 Heidelberg Stitchmaster, 45-inch Polar cutters, among a range of other printing equipment.
The auction, both online and in person, is being run by Hilco Asset Sales Canada starting at 10 am on December 4.
Print this page