Starleaton chief executive Ben Eaton has provided information around the reasons for its clearance sale for brands including Zünd, Neschen, Hahnemühle, Brett Martin, Canon and X-rite.
Eaton has explained that the A$1m ($110m) raised by the sale of hardware and consumable products will provide the business with additional cash flow ahead of the slower Christmas and New Year trading period and also prepare a foundation for the next stage of the Starleaton business strategy.
He said, “Several manufacturers made the decision to appoint new distribution partners when Starleaton went into voluntary administration.
“I understand that these brands had to make decisions as they did not have a clear path forward with Starleaton during the voluntary administration. As a result, we will no longer be supplying these brands: including Zünd, Neschen, Hahnemühle, Brett Martin, Canon and X-rite.
“We have decided to commence a clearance sale of $1 million worth of inventory including equipment and consumable products from these brands at up to 80 per cent off wholesale prices.
“Our team has done an excellent job of selling through the remaining inventory we had from these particular brands however the time has come to make room for the next phase of our portfolio. The warehouse clearance sale also includes an extensive range of spare parts.
“The big ticket items within the clearance include a refurbished Zünd G3 cutter as well as a brand new Zünd 3.6kw routing system and four Neschen laminators.
“We were always known for carrying deep inventory of spare parts and this is a great opportunity for customers to stock up on some of those more common parts to prepare for preventative maintenance that is typically performed over the summer period. We also still have a large number of specialty modules, belts, tools and knives for the complete range of Zünd machines.”
