As of March 15, 2010, all of the assets have been liquidated, and the Receiver team is collecting on the remaining receivables. The Receiver anticipates closing the case in 2010.
The EPI Companies was one of the largest commercial printers in the Southeast and at one time had over 300 employees. After losing its largest customer, Home Depot Expo, the company could no longer sustain operations.
On April 15, 2009, The EPI Companies began an orderly wind-down of their business shut down operations. All customers, vendors and creditors were notified by letters mailed on April 15thÂ and only in-process orders were completed.
On April 30, 2009, SunTrust Bank (SunTrust) filed a complaint seeking the appointment of a receiver to wind down, liquidate, and sell the businesses owned and controlled The EPI Companies, LLC, Executive Printing, Inc. (EPI), the EPI Companies â€œMarietta (EPI Marietta) and the EPI Companiesâ€œ Real Estate, LLC (EPI Real Estate). By Order entered on May 1, 2009 in Cobb County, Hays Financial Consulting, LLC was appointed as the Receiver. A copy of SunTrust’s complaint and the Order Appointing Receiver is included under the Case & Claims Documents tab.
On May 1, 2009, five creditors in the Dalton area filed an involuntary bankruptcy petition against one of the entities, the EPI-Companies-Marietta, LLC, Case number 09-71188.
On May 28, 2009, the involuntary bankruptcy petition was dismissed by the judge.
As of November 2010, the Receiver has been discharged of his duties and the Receivership Estate has been closed.