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Richard Rasmussen’s Market Watch – February 2013

Tuesday, 05 March 2013
By Print 21 Online Article
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Ascent Partners’ Richard Rasmussen wraps up what was perhaps one of the most tumultuous months on record for the local printing industry

If we’ve seen another month like last month, I’d like to hear about it.

Obviously, the month was headlined by GEON initially announcing a change of ownership, and then later going into receivership. All is still not clear, with new owners wanting to trade on in a yet to be disclosed different business makeup, and suppliers wanting to be paid out for previous debts and cutting supply. No doubt March will provide more clarity as to whether GEON survives or emerges in a different format.

Around the corner in Melbourne, Vega Press also entered receivership. Founded in 1960, they are one of Melbourne’s largest, high quality A1 / A2 commercial printers.

In Port Melbourne, one of Melbourne’s largest print management groups, Complete Print Solutions (CPS) and Fox Print, were purchased by OfficeMax. Later in the month CPS entered administration.

Amcor had one plant closure, a paperboard mill in QLD, and one opening, a recycled paper mill in NSW.

A magazine publisher, Australian Media Group, entered liquidation, and finally QLD printer, Cynergy Printing entered administration.

Suppliers

Locally long-standing supplier, Plunkett and Johnson, went into voluntary administration and BJ Ball purchased Graph-Pak. Also, Kissel and Wolf completed its acquisition of Sefar Printing division and started trading as Kiwo Australia in Jan 13.

Globally, Xerox purchased ink jet maker, Impika, and Plockmatic purchased bindery manufacturer, Morgana.

Major machinery sales and installations

Perhaps the biggest news in this sector was CMYKhub’s (VIC) announcement that they had purchased a new Komori 8 colour G 40 H-UV press.

Panprint (NZ) installed a Rotocontrol slitter / rewinder and Digital Press (NSW), installed a Chameleon workflow W2 P system.

Businesses on the market

Ascent Partners has a new business on the market – a highly profitable A2 / A3 / digital printer, turning over $5 million plus and are soon to list a very successful print management company. Other businesses in VIC, QLD and NSW are also listed on our web site.

Market Watch

More details on the above stories can be found here on our web site: www.ascentpartners.com.au, where you can download this edition and previous editions or subscribe to our Market Watch bulletin.

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