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21 April 2015
MET Fine Printers acquires Rhino Print's Calgary facility
VANCOUVER—MET Fine Printers, a commercial printing company, will expand on its depth and scope of services by purchasing select Rhino Print Solutions assets, including its Calgary facility, which will now be integrated into MET’s operations.
Rhino made news in August when it entered into a deal with R.P. Graphics to sell its Toronto location.
MET president Nikos Kallas and his senior management group will lead the expansion and will be joined by senior members of the Rhino team—all business will operate exclusively under MET Fine Printers. The full terms of the agreement will not be disclosed.
“We’re excited about the opportunities and benefits made possible through combining the talents, resources and experience of our companies,” Kallas said. “We look forward to working together to optimize the variety of communication experience we can offer clients.”
As MET expands its focus on new media technologies and works towards advances in sustainable printing, it will continue providing custom finishing and print services to a wide range of businesses in the design, advertising and institutional sectors.
Rhino made news in August when it entered into a deal with R.P. Graphics to sell its Toronto location.
MET president Nikos Kallas and his senior management group will lead the expansion and will be joined by senior members of the Rhino team—all business will operate exclusively under MET Fine Printers. The full terms of the agreement will not be disclosed.
“We’re excited about the opportunities and benefits made possible through combining the talents, resources and experience of our companies,” Kallas said. “We look forward to working together to optimize the variety of communication experience we can offer clients.”
As MET expands its focus on new media technologies and works towards advances in sustainable printing, it will continue providing custom finishing and print services to a wide range of businesses in the design, advertising and institutional sectors.
Comments (10) Post a Comment
Comments:
10. Gordon Gekko says:
The perception has now become reality. Smoke and mirrors baby...
9. Another Ex Employee says:
Another case of growing too quickly into a shrinking marketplace. This started when Rhino expanded their Richmond plant and brought in a 12-colour and didn't have the revenue to pay for the extra square footage.
8. Ex Employee says:
This is what happens when you are a owner. But not a team owner.
7. Firko says:
You have to give credit to MET for the vision to pick up the pieces and survivors and make a go of it. In today's dog-eat-dog shrinking print environment MET is the newest graphic trades employment center.
6. Workedfordavid says:
The company thought it was so smart to expand into the Toronto market. First that failed now this. Another case where ego got the better of them!
5. Unlucky Employee says:
KUDOS Nikos and good luck to Met Fine Printers....Rhino was voted the # 1 printer in Canada Feb/14 by Graphic...OMG how the mighty have fallen ......Very Sad.
4. Unlucky Supplier says:
I'm not owed enough .... Also the largest SECURED creditor of Rhino is David and Debbie Allan for $7,702,377.15.
3. Just A Printer says:
Just another facade of greatness crumbles... I hope the employees find work!!
2. Supplier says:
Bankruptcy sale ... Cheap way of getting out of paying the $$$$$$$ owed to suppliers ....
1. Unlucky Supplier says:
Another case of the suppliers not getting paid and left holding the bag
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