Inkland bounces back with Â£2m contract
County Durham-based Inkland has won a contract worth £2m over four years which is set to safeguard staff that the company recently feared it might have to lay off.
The deal is to provide its printing consumables products to North East print company Potts Print UK.
Inkland supplied HPM and Addo which entered administration on 31 October and, as a result, the printing supplier was told it would only receive a fraction of what it was owed, believed to be more than £100,000.
Inkland's managing director Steve Wilson said the deal was the "shot in the arm" the company needed after the recent bad news.
"We were facing some tough decisions over the coming months, but this deal and plans to re-locate to smaller premises on the estate will hopefully protect the future of Inkland staff.
"We have been dealt a serious blow, but hopefully we can put it behind us and look forward to an exciting 2015."
Potts Print UK managing director Shaun Johnson added: "We have a long relationship with Inkland and they have been working on this deal for months.
"I was gutted when I heard of their bad news. This should have been the icing on the cake for all of their hard work.
"We are working on some exciting new projects in the coming year, and I’m delighted Inkland will be actively involved in this development."