Former employees at Information Technology Incentives (ITI) are to be offered their jobs back after the business was bought out of administration by Cromwell Press saviour John Boden.
ITI, which owned digital printer Cpod and antiquated book producer Chivers Period, went into administration on 21 January, with 30 employees being made redundant .
Administrator SFP sold the assets of the company yesterday to new company Hawkesbury, which boasts Boden as a director.
Boden told PrintWeek: “I have bought the assets of ITI from the administrator in its entirety and I am now offering to reemploy the staff that were made redundant. The employees at Chivers have a really special skill set, they are completely unique and there are not many of those people left.”
He also said that Baldwin, which bought the assets of Cromwell Press from administration earlier week, would change its name to Cromwell Press Group.
The intention now is for the Cpod business, along with a B3 press that was owned by ITI, to come under the Cromwell Press Group banner.
Meanwhile Chivers Period will continue to operate as an individual business under Hawkesbury. It is not clear yet if Hawkesbury change its name.
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