111 jobs at Character DPM to stay

More than 100 jobs at three of Character DPM sites are to be retained after administrators of the Liverpool-based print and direct mail company sold the firm to Magnadata Group.

Professional services firm KPMG, which was appointed as the administrator for the print firm in February, said that Citizen ID, a subsidiary of Magnadata, has agreed to continue operations at two of Character DPM's print sites in Warrington and Bootle, and at its direct mail facility in Aintree.

The move is set to safeguard 111 jobs.

Paul Flint, associate partner, KPMG, said: "We are delighted to have concluded this sale of the business and its assets - not least because we have saved over 100 jobs across the three Character sites.

"The KPMG team has traded the business over the last six weeks in order to give the best opportunity for the business to move forward.

"At times, given the prevailing economic climate, this has been problematic - however, the resulting sale is an excellent outcome and I would like to thank Character's employees and suppliers for all their help and support over the last six weeks."

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