Page 17 - PWM2023_JULY-AUGUST
P. 17

WIDE FORMAT & POSTPRESS NEWS



      HP becomes Wrexham AFC                                                                   Delta buys iconic
                                                                                               agency
      global technology partner                                                                cantly boosted its creative
                                                                                                Delta Group has signifi-

                                                                                               credentials with the acquisi-
                                                                                               tion of iconic London-based
        HP has been appointed as                                         toasters as screensavers on   film and TV marketing
      the global technology part-                                        some of our computers.”  agency Feref, to further
      ner for the much-talked-                                            HP technology including   deliver on its multi-channel
      about Wrexham Association                                          high-performance laptops,   growth strategy. The deal for
      Football Club (AFC). The                                                                 Feref completed last month.
      Welsh club, which was                                              PC accessories, and hybrid   The circa 20-staff agency,
      recently promoted from the                                         work-enabling services will   which operates out of Soho,
      National League to League                                          be used throughout the club   was formed in the late 1960s.
      Two of the Football League,                                        and across back-office func-
      will see HP deliver devices                                        tions, as well as to improve   Since that time, it has created
      and services to help the team                                      the fan experience. The   some of the UK’s most iconic
      succeed on and off the pitch.                                      details of the tech provision   movie marketing campaigns,
        The club announced the   Ryan Reynolds and Rob McElhenney shared the news in a video  are still being worked out,   including creative campaigns
      news earlier this week with a   Wrexham.     to great things,” they said in  based on what Wrexham   for film franchises Star Wars
      video featuring co-chair-  “HP was born in a garage   a joint statement.  AFC already has.  and James Bond. Clients
      men, actors Ryan Reynolds   in 1939 and has become one   “We could not think of a   While no production print   include Sky, Disney, Sony
      and Rob McElhenney. In the                                                               Pictures, Marvel, Lucasfilm,
      tongue-in-cheek clip, the   of the leading technology   better partner on this ride,   element has currently been   Universal and Amazon
      pair, who bought the club in   brands in the world.   for the club and community.  announced, further details of   Prime.
      2020, reveal their attempt at   Wrexham  Association   Plus, our tech game really   HP and Wrexham’s partner-  Delta is headquartered at a
      a promotional video to   Football Club was born in a   needs an upgrade. Pretty   ship will be released later in   near-17,000sqm production
      explain their tech vision for   bar in 1864 and is on its way  sure we still have flying   the year.  supersite in Waltham Cross.
      Grafenia takes hit due to PFI                                      WTTB adds to portfolio

      missed payment                                                     after taking on new kit


                                                                          Where The Trade Buys
        Grafenia has written off                                         (WTTB) has added apparel to
      more than £800,000 follow-                                         its product range after invest-
      ing PFI Group’s failure to                                         ing in new specialist equip-
      meet the payment schedule                                          ment. Sunderland and
      for its Works Manchester                                           London-based WTTB, part of
      acquisition.Rymack Sign                                            the Precision Proco Group,
      Solutions, which trades as                                         said it has been extending its
      PFI Group, acquired the                                            merchandise range over the
      Works Manchester business                                          past year and is now offering
      in May 2022, in a deal that                                        personalised clothing as part
      was worth nearly £3.17m.  Grafenia: “We have to cautiously reflect the risk of non payment”  of that service. A range of
        PFI made three small ini-  impacted its profitability.  ment in our accounts.   t-shirts are now on offer, as   Bespoke hoodies: New range
      tial payments, but then   Grafenia stated: “The total   “However, the write down is   are bespoke hoodies, tote   response so far  to the new
      failed to make the first of   outstanding consideration is   not necessarily reflective of   bags, and aprons, which can   products.”
      four large annual deferred   £2,809,973. The carrying   our ongoing conversations   all be printed with a unique   The business has invested
      consideration payments.   value of £1,698,000 is net of   with PFI. Those are pro-  image or logo.  in a raft of new machinery to
      The original amount due of   an impairment of £805,000              Louise Stephenson, man-  produce the apparel, includ-
      £766,250 had been reduced   as a result of a missed instal-  gressing well and we expect   aging director of WTTB, said   ing a DTFMagic 60PRO DTF
      to £514,223 following a   ment on 31st May 2023. The   them to resolve things   the range was introduced in
      review of the Works   company remains in discus-  soon.”  PFI  Group CEO   response to customer   printer, an H650 shaking
      Manchester net asset posi-  sions with PFI to resolve the   Darren McMurray told   demand. “We are constantly   powder  machine,  and  an
      tion.In its annual results   matter.” Grafenia CEO   Printweek that his group   asked about t-shirts and other   HTP123 Pro heat press. The
      released yesterday, Grafenia   Gavin Cockerill explained   had a close working relation-  clothing items so it’s some-  kit will be integrated across
      said that the £805,000 writ-  the situation further. He   ship with Grafenia “and they   thing that has been on our   the whole of the Precision
      edown related to the   said: “We have to cautiously   continue to be very support-  radar for quite a while.We   Proco Group, as well as for
      “missed payment” had   reflect the risk of non pay-  ive”.         have had a very good   WTTB.
      www.printweekmena.com                                                                 PrintWeek MENA July-August 2023  15
   12   13   14   15   16   17   18   19   20   21   22