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January wrap-up – Richard Rasmussen’s Market Watch

Friday, 15 February 2013
By Print 21 Online Article
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Ascent Partners’ Richard Rasmussen (pictured) wraps up all the local market movements that hit the Australian printing industry in January 2013.

Whilst many of you were taking some time off during the new-year break, the industry continued down the consolidation path:

  • Geoff Selig announced that he would roll up Webstar and Caxton Web into one premise
  • A division of PMP, Pacific Micromedia was sold to Experian, as part of their strategy to divest non-core business units. The market appeared to like the news with PMP’s share price rising from around 14 cents to 20 cents, and later down to 18 cents. That’s a significant change in percentage terms.
  • Two major auctions were announced – today the Goprint auction in QLD (former Govt. Printer) and next week the Hyde Park Press auction in SA.
  • A winding up application was made for Printability in Vic by the ATO, and Kwik Kopy Bondi Junction was liquidated and run in the interim by Kwik Kopy Australia.
  • On the merger front Dynamic Direct and I Group joined forces in Vic.

Suppliers

On the global side, Vida Paper filed for bankruptcy only to later announce that it had sold off a mill to three Norwegian investors.

In the print machinery sector some major announcements were made:

  • Xeikon announced it was in talks with a mystery bidder
  • Ryobi and Mitsubishi announced they had formally entered merger discussions
  • Manroland decided to close down its Plauen plant.

These are all significant machinery suppliers – four of the top 10-15?

Locally, Angus Scott’s Ace Rollers and Rollmakers was sold to Rotation Dynamics Corp.

Machinery

Compared to the above news, the reported machinery sales and installations were fairly quiet, with Service Printers (Wellington), having installed a Heidelberg XL 75 five colour plus coater.

All these stories are covered in more detail in Ascent Partners Market Watch bulletin, which can be downloaded from www.ascentpartners.com.au.

Businesses for Sale

We have a couple of new listings – a regional, 2.3 million turnover coastal printer in Qld, and a highly profitable A2 / A3 / Digital / W2P printer with $ 5million turnover. See web site for details on these businesses along with five other print related businesses.

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