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AAB snaps up SOS, forms $100m printer

Friday, 11 May 2018
By Print21

AAB Holdings, owner of Pegasus Print Group, has bought Sydney’s SOS Print + Media Group. The acquisition is expected to create a $100 million per year printer, with $150 million expected within the next year.

Michael Peel, Bob Gardner, and Andy von Faber-Castell.

SOS Print + Media, which employs more than 120 staff and provides creative services, digital print, offset printing, warehousing and logistics from two sites in Alexandria, will continue as a stand-alone operation from its existing premises. Michael Peel, director, said he and his business partners were ‘very fortunate’ to be able to pass their legacy on to AAB. “Together with my business partners Bob Gardner and Andy von Faber-Castell, we have managed to build a solid and highly regarded business within the industry, developing long term relationships with suppliers, customers and our dedicated staff along the journey,” he said. “We saw AAB as a natural and obvious partner, knowing their business model will provide job security and sustainability for our staff over the long term.”

Wayne Finkelde.

Wayne Finkelde, CEO of AAB Holdings, welcomed SOS staff, management and customers to the company, saying he was ‘delighted’ to have them on board. “Like Pegasus Print Group, SOS Print + Media is renowned for its service in delivering quality, innovation and value-added marketing offerings. The operation is a great fit alongside our print manufacturing, supplies and logistics divisions,” he said. “We will continue to service some of Australia’s pharmaceutical, manufacturing, retail, FMCG, finance, educational brands and other vertical segments with some exciting opportunities on the horizon.”

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