Vik Gulati, owner of south-west Sydney based Westmann Printing, has bought the beleaguered Reacon Group, as its print operation Reacon Australia and sister company mmw3degrees are in administration.
Gulati became a director of Reacon Group on Monday, when previous owners Jahinger Kahn and his wife resigned. Reacon Australia was put into administration a day later, as was the sister company mmw3degrees.
Print21 understands it is Gulati who has funded the administrator, Cathro and Partners. He is pushing for a DOCA for the two businesses. However, at least two creditors want the companies liquidated, and went to court this morning seeking a…
