QPS expands ColorJet range with Vulcan Hybrid 1800
The 1.8m ColorJet Vulcan Hybrid 1800 UV press will now be distributed by its official UK distributor, QPS, addressing demand for compact hybrid print solutions
The company previously declared bankruptcy in July of 2024, after struggling to develop business volume
It has been announced that Coloreel Group, a Swedish direct-to-embroidery thread dyeing print company, is resuming operations under new ownership. The company has relaunched as Coloreel International AB.
In July of 2024, SignLink reported that the company had filed for bankruptcy. The company had struggled to develop business volume quickly enough to secure the necessary financing to keep itself in the clear.
At the time the bankruptcy was declared, the business had over 90 customers in the global market and over 120 granted patents across 45 markets.
The newly relaunched Coloreel International AB will remain headquartered in Sweden with a smaller dedicated team.
Responses to the news on social media have been widely positive. One commenter on LinkedIn asked: “Good news, so we can start sell Coloreel embroidery again?”
However, not all responses were as enthusiastic. One commenter questioned: “Market said no once. What’s different in the business plan now?”
Details of the new ownership and who will be included in the reduced team are yet to be announced. SignLink will continue to monitor the news on the company.
