Grafikom Is Now in Receivership
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The Journal reported that the printer began breaking financial and reporting covenants with lenders in late 2007. While lenders agreed to some waivers and changes to the agreement, a default was declared in July of 2008, the report said.
The paper reported that as recently as October, Grafikom unsuccessfully proposed to restructure itself through the sale of plants and by investing in new digital technology.
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