Posts Tagged ‘Rasmussen’

  • Richard Rasmussen’s Market Watch – June 2013

    Richard Rasmussen (pictured), director  of Ascent Partners, wraps up the final month of the 2013 financial year, as the local printing industry farewells one of its most tumultuous years and welcomes the coming of FY14.

    Financial year 2013 will perhaps be remembered as the industry’s most tumultuous in terms of the volumes of consolidation and closures.

    The year ended with the announcement that two of Japan’s largest press manufacturers, Ryobi and Mitsubishi, were to merge on 1 January 2014.

    Other supplier news included EFI acquiring another company, this time Gam Systems Software in Belgium. Paperlinx Denmark acquired Cadorit, a Swedish Digital provider.

    Locally in NSW, 120 jobs went as a result of the PMP Chullora NSW directory plant closure. Southern Colour (NSW) changed shareholding and name to Oxygen and Peachy Print moved into and Megacolour’s building. Pro Pac Packaging was active on the acquisition front, purchasing Eco Food Pack Aust, Australian Flexographic Printers and Poly Products Co.

    Also in NSW, we saw Print Master NSW go into liquidation and Active Print Wagga Wagga, purchase a Signarama franchise.

    In Victoria we saw perhaps Melbourne’s longest standing printer, William Troedel & Co. (Charles Troedel formed Melbourne’s first lithographic printer in 1860), along with Troedel – Docucopy, a company they formed when they merged with Docucopy 12 months ago, both go into liquidation.

    On a brighter note, Digital Print HQ opened their new business and Signarama opened a store in Geelong. Excel also announced they purchased a Thai software developer, Devsenses.

    In Queensland, creditor’s meetings for voluntary creditor’s liquidations were planned for Impulse Printing and Graphic Litho.

    Machinery – Sales and Installations

    Further machinery sales and installations followed on from last month’s PacPrint exhibition, and numerous sales were obviously made of used equipment from the Geon auctions (unfortunately they are not all listed here).

    Aust – EFI announced it was to install the browser based Printsmith MIS system to around 100 Kwik Kopy franchises.

    NT – News Limited installed a new Ferag Inserting line.

    QLD – Lotsa Printing purchased a HP FB 500 UV flatbed.

    NSW – Megacolour installed a new Heidelberg CD 102 -6, SOS purchased two HP Indigo 7500s from the Geon auction, and Doggets announced their NSW and VIC branch would each install a Marquip Ward United TSKM 1650 sheeter.

    VIC – Quite a lot of digital equipment was sold and / or installed – Vital Signs (Roland DG Solijet Pro 4 XR-640), new start Digital HQ (Xerox D110, and J75 and Epson Surecolor SCT 7000), Grace Engineering (Oce Arizona 480 XT UV Flatbed), Landells Signs (via Spicers, two x Vutek GS 3250 LX Pro), Bull DSP ( via DES a Vutek GS 2000 LX), ADS Australia (Roland DG XF 640 printer and GX 640 Cutter), Label House purchased the HP Indigo WS 6600 and a Smag Galaxie Digital converter and finally Press Print Digital purchased a Rigo Lamibind 420 PUR perfect binder.

    SA – Screen sold a Flexo PlateRite FX 8700 II CtP to Signature Labels

    WA – Evoke Media purchased a Fujifilm Acuity LED 1600, and Scott Printing purchased a used HP Indigo 5000 digital press.

    Ascent Partners Market Watch provides a summary and web links for most of these stories on their web site, www.ascentpartners.com.au. Here you will also find a list of six print related businesses it is currently marketing for sale.

  • Richard Rasmussen’s Market Watch – May 2013

    Richard Rasmussen (pictured), director of Ascent Partners, looks at all the local market’s activities over the last month and discovers that Melbourne’s PacPrint trade show has resulted in more new machinery sales than any other sort of market movement within the industry for the month – a Market Watch first.

    Market Watch – May 13.

    For the first time since writing this report (July 2011) we have far more new machinery sales and installations than market movements (business sales, acquisitions, mergers and closures).

    Albeit most of these new equipment sales came from PacPrint, the list below is indeed impressive and shows a degree of confidence in the future – you don’t invest in new capital equipment unless you believe those investments will make a return.

    Major Equipment Sales and Installations 

    Digital:

    • HP Indigo – 10 machines sold of which may have included Bambra Press’s HP 10000.  They also installed an Indigo 5500 at LEP (QLD).
    • Scodex – Sale of a digital press to King Island Press (NZ).
    • Xerox – Sales to Minuteman Mount Waverly (Vic) of a Colour 8000 and Spot Productions (QLD), a Colour 1000.
    • Konica Minolta – Sales to Ulladulla Printing (NSW) of a C7000, Newprint HRG (QLD) of a C70HC, and Kwik Kopy Liverpool (NSW) of a C6000 PRO.
    • Ricoh – An installation to CMYK Signs and Digital Print (NZ) of a C651 EX.
    • Kodak – A sale to Tennyson Printing (QLD) of a Nexpress.
    • Gallus – 1st installation at Appliance Testing Supplies of a Heidelberg Linoprint L digital press.

    Offset

    • Ryobi – A sale to CMYK Hub (NSW) of an 8 colour 925, and an unnamed printer purchased the A3 five colour press from the stand.
    • Komori –A sale to Rawson / Artvue (NSW)  of a L529 HUV press.
    • KBA – A sale to Centrum Print (NSW) of a 162 press.

    Other Print

    • Fuji Xerox – An installation to Pegasus NSW of a Docuwide C842.
    • Agfa – An installation to Sony DADC (NSW) of a Jeti 3020 Titan UV Inkjet flatbed, and an Anapurna M2050 UV inkjet press.
    • Fuji Film – An installation to Rocket (NZ) of an Actuity Advance Select Flatbed and a Uvistar. to Image Centre Group (NZ), and a sale of a Actuity LED 1600 to Direct Image Digital Printing (WA).
    • DGS – a sale of a Mimaki 3.2 metre dye sub ATP to Vivad (VIC).
    • Durst – a sale of P10 1250 flatbed printer to Visual Printing and Signage.
    • HP – Installation of a Scitex FB 7600 Press to Colorcorp (QLD).
    • Mark Andy – sale to an unnamed printer of a performance Series P7 label press.
    • Memjet – sale of a label module to Aldine Printers (QLD).
    • Swiss – Installation of a Q Print Impala flatbed to LF Media (WA) and a Q Print Oryx Flatbed to Abbey Group (NSW).
    • VUTek – A sale of a GS 2325 LX Pro sale to Vivad (VIC).

    Laminators

    • D&K – A sale to Spot On (QLD) of a Europa .
    • Autobond – sale of a Mini 76 TH to Acorn (NSW) and to Typeface  a Micro 52.
    • Ecosystem – a sale to Who Printing (NSW) of a celloglazer.

    CtP / Processors

    • Kodak – A sale to CMYK Hub (VIC) of a Magnus 800.
    • Screen – a sale to an unnamed printer of a Platewrite FX 870 MK II Flexo.
    • Elanatix – a sale of a 125 SX thermal plate processor to Mercedes Waratah (VIC).

    Other

    • Cutters – A Zund G3 to Media Point (VIC), Clarke Murphy (NSW) an Esko Kongsberg XP.
    • Pile Turner – A sale of a Busch SW 125 RLA to CMYK Hub (VIC).
    • Collators – a sale of a 3 tower Horizon to BHP Print (NSW).
    • Perfect binders – Southern Colour picked up the Geon Muller Acora A7, and an unnamed printer a Rigo Lamibind 420 PUR.
    • Hole Punch – Rilecart sold 10 Ultramacs off the Pacprint stand.
    • Folder – A Stahl installation of a TH 56 to Pressprint (NZ).
    • Finishing Systems – Sale of a Thermotype ZIP TLS 2 trim score and perf sale to Daroji Digital Finishing (QLD), and an installation of a Watkiss digital finishing system to Fotobase (SA).

    Apologies to those not listed here, the above were “as reported”.  Hopefully the month of June will see more PacPrint sales identified. Feed to stories to Print 21 and we’ll report them.

    Market Movements

    Printer movements:

    • Rawson Graphics and Artvue (NSW) merged.
    • Halley Labels takes a major share of AC Labels (NSW).
    • Large Format Media (WA) opens new trade only business.
    • BPA sells to Newtone Press.
    • Big Print Typo (VIC) sells to OCA Group.

    Supplier Movements:

    • Management buyout of Luscher Group.
    • Graffica sells to DES.
    • LCS sells to Blue Print Imaging.

    Market Watch

    You can subscribe to Ascent Partners Market watch for free at www.ascentpartners.com.au, where you’ll find the links to the above stories.

    Ascent Partners also has six businesses on the market and demand for more. See our website for details.

  • Richard Rasmussen hosts upcoming PIAA webinar

    Richard Rasmussen, director of Ascent Partners and regular Print21 contributor, is hosting the next Printing Industries Association of Australia’s (Printing Industries) webinar session –  ‘Know and improve the value of your business’ on 17 May.

    The upcoming online session, held on Friday 17 May at 1pm, is the third in Printing Industries’ new webinar series for 2013. Popularity with the first two webinars in the series has prompted the association to hold fortnightly webinars throughout the rest of the year.

    In this week’s focused online session you’ll get to understand the why, how and when of valuing your business.

    Whether it is for financing, insurance or strategic acquisition reasons it’s important to have an updated, realistic and “arms-length” appraisal of your business. Rasmussen will explain the key components to a professional appraisal and provide some great tips on how to add value to your business when you need it most.

    Ascent Partners has conducted over 100 print related business appraisals, and having sold over 30 print related businesses in Australia.

    The company has also been appointed as the preferred business sales agent and appraisal specialist for Printing Industries.

    Rasmussen (pictured) has worked in the industry for over 30 years, originally with Heidelberg (21 years) and then in private practice for the remainder. Holding a Masters of Marketing, he has also advised numerous businesses in business planning and transitioning.

    Join Rasmussen online at 1pm EST on Friday 17 May for our next free industry information webinar. To register, click here. Or visit the Print21 Calendar here.

  • Richard Rasmussen’s Market Watch – April 2013

    Richard Rasmussen, director of Ascent Partners, looks at all the local market’s activities over the last month from mergers and acquisitions to closures, major equipment sales and installations in April 2013.

    Victoria saw the closure of Vega Press (VIC), and the purchase of their client base by Print Media Group, the sale of Four Trade only to Lamson Paragon and BPA being bought out of receivership by NSW Group, Print Warehouse.

    Print Warehouse was also active in purchasing Dynamic Print Communications on the Gold Coast.  In QLD Monoset Printing appointed a receiver.

    In the ACT the Blue Star Hume site was announced to be closed by the end of April.

    NSW saw the liquidation of Park Printing and Spectrum Printing.

    SA’s Precision Cutting Formes had a creditor’s meeting for voluntary creditor’s liquidation and Birmingham Street Printers had a notice inviting debt claims issued by BDO.

    On a brighter note in NZ, Dpod’s sale to Image Centre was reported to have resulted in a rise in sales to NZ $50 million. Whilst in Christchurch, APN’s Christchurch Star and Omara Mail were sold to Mainland Media.

    From the Supplier side, Currie Group purchased Universal Print Partners, Luscher went into bankruptcy, and DES opened a new office in WA.

    Major Installations and Sales

    Manroland was successful in securing numerous web related orders for the imminent relocation of Fairfax’s plants in Victoria and NSW.

    Auckland’s Benefitz purchased a Dianippon Screen B2 Inket press, the Truepress Jet SX.

    In NSW, Heidelberg reported three sales of the new Linoprint digital presses to three unnamed printers. And Dragon Print installed a Screen Platewrite FX 87011 XL Flexo CtP.

    Victoria’s Kosdown Printing installed a MGI Meteor DP 8700XL Digital Press.

    Market Watch

    To view Market Watch and download the PDF on this month’s and previous month’s activity, please visit our web site, www.ascentpartners.com.au Here you can also subscribe to the bulletin free of charge – we issue on the first of each month, with a link to each activity’s story.

    Businesses on the Market

    Ascent Partners has two new listings – A Print management business and a $3,000,000 commercial printer. Five other print related business are also listed on the web site, www.ascentpartners.com.au

    Ascent Partners – Preferred Business Sales Agent and Business Appraisal Specialists for the PIAA.

    We’re pleased to announce that we’ve been appointed as the preferred Business Sales Agent and Business Appraisal Specialist for the Printing Industries Association of Australia (PIAA). More details to be outlined to PIAA members shortly leading up to, and post PacPrint 2013.

  • Richard Rasmussen’s Market Watch – March 2013

    Ascent Partners’ Richard Rasmussen, wraps up the tumultuous month of March in the local printing industry, with an overview of all the reported industry happenings including mergers, acquisitions and closures, as well as the latest major equipment installations and sales.

    I said last month, that if there was a bigger news month in the industry, I’d like to know about (and no one rang). Well this month almost surpassed it.

    The news is obviously headed by Geon. Following the February “receivership” announcement, in March it was announced:

    • Geon Bankstown (NSW) – sold to Bluestar
    • Geon (Mount Waverley) – sold to Bluestar
    • Geon NZ – sold to Bluestar NZ
    • Geon Labels (NZ) – sold to Bluestar NZ
    • Geon WA – Management Buyout
    • Geon TAS – Sold to Todisco family
    • Geon ACT – sold to Opus
    • (Geon QLD – was closed completely in Feb)

    There was also an update on the Vega Press receivership – they are estimated to owe around  $6.7 million, and with CPS, their administration left an estimated shortfall of $2.5 million.

    Another large Melbourne Printer, BPA, also fell into the hands of the receivers in March.

    What may have slid under the radar screen was the liquidation of End Print Solutions (NSW), Australian Print Solutions (VIC), Print Media and Publishing Group (NSW) and Kwik Kopy South Melbourne (VIC).

    During the month we also saw Snap Perth announced as the purchasers of Snap Kalgoorlie.

    On the supplier side:

    • The PIA and GASAA (GASA) tied the knot and formally merged.
    • Roland DG opened a new manufacturing facility in Thailand
    • Canon started to build its new Sydney Headquarters
    • Kodak moved closer to its Chapter 11 exit.

    Major Equipment Sales and Installs:

    Two of the major Digital players made some installation announcements:

    • HP – Pemara (VIC) installed a new Indigo WS 6600 and Courtney Colour installed the region’s first B2 Indigo 10,000.
    • Xerox – Sold an I Gen 4 EXP to Lotsa Printing (QLD) and installed an I Gen 4 at Kingswood Press (QLD).

    Ricoh also announced the sale of a Ricoh Pro C901 to Industrial Printing Company (NSW).

    PMP has also installed a in their WA Print and Distribution centre, a Ferag  / In –Log mailroom system.

    Roland DG rounded out the equipment stories with a Solijet 4 XR – 640 installation at DPod in Wellington.

    Market Watch / Businesses for Sale.

    For more details on these and other stories, please visit the Market Watch page on our website, www.ascentpartners.com.au. Here you can subscribe to the bulletin or download a PDF.

    On this site you will also find seven print related businesses we have on the market.  We have plenty of enquiries coming in for specific Australian businesses wanted, so please contact us if you are looking to sell or wanting your business appraised.

     

  • January wrap-up – Richard Rasmussen’s Market Watch

    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.