Narrow web label and flexible packaging press manufacturer MPS Systems has announced the completion of a management-led buy-out, marking the start of a formal restart aimed at restoring stability, rebuilding trust and creating long-term value for customers, employees and partners. The buy-out is backed by MPS Systems (UK) managing director Nick Tyrer and MPS Systems co-founder Bert van den Brink.
The company announced last month, which FlexoTech reported on, that it was “working on a sustainable path forward for the company, its customers, employees, and partners”, following confirmation that several of its Dutch entities had filed for provisional “suspension of payments” in the Netherlands.
This was followed by the appointment of an administrator to assess the company’s position and the possibilities of a going-concern sale for the business, with all operational activities temporarily suspended.
With the buy-out completed, the company’s management team has set out a plan to reposition MPS Printing as a healthy and sustainably operating business, with an emphasis on service, recurring revenue and selective new equipment sales.
Under its renewed direction, MPS Printing says it will increase investment in service, technical support and customer care; strengthen its market presence with a more resilient business model; introduce a more efficient and transparent organisational structure; and continue lifecycle development of its product portfolio.
The company also expressed appreciation to employees, customers, suppliers and partners who continued to support MPS Printing during a period of uncertainty.
The company commented: “We recognise the hardship this has caused for some of our stakeholders. Your continued engagement and your willingness to look ahead with us are invaluable. We are committed to earning back your trust through our actions in the months and years ahead.”
