Trans-Tasman printer Ovato in voluntary administration

More expensive raw materials are hitting everyone. (Image: Deposit Photos)

Thu, 21 Jul 2022

Trans-Tasman printing company Ovato has been put into voluntary administration after struggling to deal with the rising cost of raw materials and ongoing legacy costs.The ASX-listed company today appointed Chris Hill, Ross Blakely and Ben Campbell of FTI Consulting as voluntary administrators of the company. They plan to keep running the business while they work out its financial position and ongoing viability.“The administrators have been advised that ongoing volatile market conditions, the increased cost of raw materials, and legacy cos...

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