Forty workers have been made redundant at a commercial printing company in Edinburgh.
Allander Print had collapsed into administration, due to “unsustainable cash flow problems” caused by Covid restrictions.
Administrators from FRP Advisory have sold the intellectual property and goodwill assets of the firm to Tempus IME.
An FRP statement said: “Unfortunately, the administration has resulted in 40 staff being made redundant with immediate effect.
“Two remaining staff are being retained in the short term to assist with administration and site clearance.”
Speaking about the acquisition, Tempus IME managing director Robert Dryburgh added: “Allander Print is a highly prestigious brand with a long history of quality and customer service.
“The company has been adversely affected by Covid-19 like numerous companies all over the UK.
“Tempus with its unique business model will be able to support the existing Allander customers and will be introducing new innovations built around excellent customer support.”