Major supplier placed in administration, Argus warns

Major supplier placed in administration, Argus warns

Argus Solutions (ASX:ASV) has warned that a major supplier to print management company Moore – Argus’ operating subsidiary – has gone into voluntary administration.

The Albury-Wodonga headquartered Paragon Printing was placed into administration yesterday, Argus said.

But Moore has a risk mitigation strategy, the company added, which includes a strategy to ensure continuity of supply. Alternative suppliers have already been investigated, so the impact on clients should be minimal.

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Tags voluntary administrationParagon PrintingArgus SolutionsMoore printing

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