The Manhattan-based TanaSeybert filed chapter 11 on September 11, 2009. According to Getzler Henrich & Associates, the firm facilitating the sale of the business, "TanaSeybert be conducting section 363 sales on various pools of their assets. There is a “stalking horse” bid for certain pools of assets that is already the subject of an asset purchase agreement. The company is inviting interested parties to conduct due diligence on that transaction as well as other pools of assets. The transaction assumes closing down existing production facilities. However, interested parties are not precluded from bidding for the assets and the facilities on a going concern basis."
TanaSeybert was formed with the 2004 merger of TanaGraphics and Seybert Nicholas Printing Group. In 2006 the company expanded its production operations with the acquisition of Graphic Management Inc in Mountainside, NJ.
Is TanaSeybert another traditional offset company that has become a casualty of having to “feed the beast” while transitioning to a modern printing business?