Rogan McIndoe Print, in Dunedin, has been placed in the hands of liquidators, with the loss of 18 jobs, but it is unclear how much is owed to creditors.
Yesterday, Pricewaterhouse-Coopers chartered accountant Malcolm Hollis confirmed the liquidation proceedings, instigated by the company owners, saying other than finishing partially completed orders by tomorrow, "the doors were closed".
He said the business was placed in voluntary liquidation by the owners and company directors, brothers Stephen and Gerard Rogan, who had said trading conditions had become tough.
The number of creditors and amounts owed would be known when a full report was completed in about a month, Mr Hollis saidHe said Dunedin companies that had paid for completed print work, and had it stored at Rogan's warehouse, should contact the liquidators to claim their property.
The Dunedin printing sector has been hard hit recently, with the loss in early 2006 of about 150 jobs when Wickliffe relocated to Auckland, followed by 21 job losses at 135-year-old Tablet Print shortly after.
Mr Hollis said apart from the directors, some of the 16 staff were on collective union agreements and others on individual contracts, and negotiations were continuing about redundancies.
In March 2002, Rogan Print, which opened in 1972, and John McIndoe, established in 1893, merged, employing 22 people, following three redundancies.
Rogan Print moved into the former McIndoe premises in Crawford St following the merger.
The companies had individually won six gold medals for printing, with the new company earning further honours.
Creditors have until October 31 to make a claim with Price-waterhouseCoopers.
