Canadian Publishing Industry News
17 August 2020,     PICKERING,
Magazine Printer, Renaissance Goes Bankrupt
Controlled by Mike Fredericks of Annex Business Media
Controlled by Mike Fredericks of Annex Business Media
Renaissance Printing went into bankruptcy at the end of July. The independent magazine and catalogue printer  has closed it's doors this time for for good . The magazine printer had  bought a perfect binder, polybagging  and mailing equipment. Estimated sales of between $16 and $18 million with a staff of 83. The company has had sorted history .
 
Started as Web Offset Publications in 1961
Started as Web Offset Publications in 1961
Starting out as Web Offset Publications, than Ironstone Media that Renaissance Printing. It was bought our of creditor protection in 2017 by Mike Fredericks the owner of Annex Business Media. It had gone into creditor protection twice before in 2012 and 2015. The list of creditors is about $5 million with Mike Fredericks being the largest by far. At one point Web Offset was listed as Canada's 48th largest printer by Graphic Monthly. 
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Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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Full of terrific information, Thanks!...
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