Internal and External Factors Driving Padgett Printing to Cease Operations

“We got into a liquidity crisis because we couldn’t get revenue to meet operating costs,” said Torok, a 2007 inductee into the Printing Impressions/RIT Printing Industry Hall of Fame. “It’s a matter of reduced sales and reduced margins. It’s really sad.”

Padgett maintained its high-quality printing standards to the end. It was the overall winner in the 2011 PIA Mid America GraphEx Awards Competition. The company won “Best of Show,” Division III Platinum, Digital Gold and five best of categories awards.