Hilco Industrial and Hilco Receivables acquired the assets of Edwards Brothers Malloy printers. The multi-million-dollar deal was a joint venture between the Hilco Global operating companies, The Branford Group and North East Printing Machinery.
Ann Arbor, MI-based Edwards Brothers recently announced its closure after 125 years in business. The family-run company had experienced financial challenges with mounting pension obligations and ongoing industry shifts in book manufacturing, from longer-run offset processes to “on-demand” and “book-of-one” digital book printing and warehousing/distribution models.
“Edwards Brothers Malloy was one of the premier companies in the publishing and printing industry and [its] assets are highly desirable,” said Steve Wolf, CEO of Hilco Industrial. “Edwards Brothers Malloy recently invested in state-of-the-art equipment as it geared up to add new revenue streams.”
Top quality assets will be available for sale including numerous offset printing presses, sheetfed presses, digital printing presses, binders and a state-of-the-art computer-to-plate line that laser inscribes book content to aluminum plates. Book printing presses made by Timson and several Muller Corona perfect binders are some of the assets expected to move quickly.
The assets will be sold through a series of four sales and will be one of the largest sales in the industry in over 30 years.
The Branford Group is a global industrial auction and valuation business with proficiency across a wide array of industries.
Founded in 1982, North East Printing Machinery services all aspects that pertain to the trading of high-quality, used graphic arts equipment, with experience in both sheet fed and web fed offset equipment, bindery, finishing and converting machines, digital presses and electronic pre-press equipment.
