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Richard Rasmussen Market Watch March 2012

Tuesday, 03 April 2012
By Print21

Liquidations and administrations dominated the month just past with six printers closing their doors, however positive lights always shine through, such as the case of a Worldwide Online Printing franchise in Adelaide purchased by two staff members for over $1,000,000.

Market Movements

The liquidation and administration activities called in during March were for Good Impressions (NSW), ABC Printing (QLD), Moorabbin Printing (VIC), City Print (NSW), Fortiori Publishing (VIC) and Elephant Print Media (VIC). ABC, many will remember, was a victim of the Brisbane floods last year.

Amcor has been given the green light to purchase the Aperio Group by the ACCC, which will see it’s flexible packaging share increase substantially in the Asia Pacific region.

In other major news we saw that News Limited and Fairfax discontinued discussions about a $70 million joint printing deal. One could only imagine the effect that would have had on the industry had that gone through.

Reed Business Information (RBI) is putting 19 local magazines up for sale, as part of a planned exit from print media. That’s a lot of titles that, if a purchaser is not found, will likely be discontinued, with only on line presence- i.e. more advertising dollars going away from print and into the web.

Sales and Installations

There was a good mix of installation stories, with NZ printers embracing the mid sized digital presses, but also CtP installation (Agfa to Flow in VIC), and a large MBO folder installed at one of Melbourne’s largest trade binders, Marvel Bookbinding. IN other stories:

  • Snap installed and Heidelberg SM 52-4 Anicolor press in its WA hub.
  • HP installed two latex machines – one to Briner in VIC, the other, claimed to be the widest in Australia to Spice Digital Imaging in WA.
  • In the market segment of “high end photo books”, a Canon DreamLabo 5000 press was installed at Picture Works in VIC. This is the very first of its kind sold in the world.
  • Finally the highest dollar value sale goes in the form of a $10 million investment in two Impika inkjet web presses, sold to SEMA.

We usually see a slow-down in ordering of major equipment prior to Drupa’s, but the above shows, where there is a need, an economic argument, and confidence in the market place, businesses will invest.

Businesses for sale

Ascent Partners has five print related businesses on the market, in QLD, NSW and VIC. But with recent successes (eight sold or under offer since Sept last year), is looking for more.

In a recent listing we had 20 phone calls in seven days, with good quality prospects enquiring. So if you are considering selling, or want an appraisal on what your business may sell for, call Richard Rasmussen (0402 021 101) or enquire via our web site at www.ascentpartners.com.au

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The above is a summary of what appeared in our monthly Market Watch email newsletter, sent yesterday. The newsletter contains a one line summary of the story, and where applicable a link to the actual story.
You can subscribe Free of Charge via our web site, or you can download this, and previous editions in PDF format.

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