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Market Watch Q3 2014 – acquisitions, mergers & major equipment sales

30 September 2014
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Richard Rasmussen, director of Ascent Partners, brings you up to date with the events that have shaped the industry in the past quarter. He reviews all the major news including MBO’s, closures, along with the sales and installations of capital equipment in the region. Is there no stopping the Trade Service juggernaut? There was no shortage of movement on the trade service front:
  1. Vista Print launches new trade service, Trade Advantage
  2. CMYK Hub establishes NextDayFourColour in the USA, purchases Media Options (NSW), installs a HP Indigo 10000 (Vic) and installs a Ryobi 8 colour perfector and Perfecta guillotine (WA).
  3. Sydney Trade Print starts up in NSW, following its failed bid to purchase Media Options.
  4. LEP duplicate its QLD operation by starting up a manufacturing site in VIC.
  5. Avon Graphics (Vic) installs two Mimaki’s (wide format and roll fed printer) and an Océ Procut, again to service the trade.
  6. Mediapoint Trade (Vic) install a Swiss Q Print wide format printer
  7. OCA Group (Vic) announces it intends to become a massive trade supplier in the ex-Geon building where previously acquired Print Bound will also reside. It purchased a brand new Heidelberg XL – 6 UV press for installation before Xmas.
  Offset makes a comeback
  1. Heidelberg announces press sales in its high performance XL range – Print Bound / BPO Intelligence (XL-6 plus UV), Abaris (VIC), an XL 106-6 with double coater, Van Dyke Press (NSW) a XL 106-7 with Cutstar, Lighthouse Press (NSW), an XL 75-5 press and a mystery NZ buyer purchased an XL 75 press.
  2. Picton Press (WA) also announced its June installation of a KBA 106-10 colour.
  Sales and Acquisitions:
  1. Major print manager, Ergo bought by Konica Minolta
  2. Richard Cambridge Printing bought by Bart N Print (Bendigo. VIC)
  3. McTaggarts purchased by The Sticker Company (Hervey Bay, QLD)
  4. The Lab (New York) bought by Wellcom
  5. PNPS Packaging and Print Finishing, previously in liquidation, purchased by Packaging Processors (NSW)
  6. Another finishing services provider, TLC Print Finishing (NSW) who was about to close was purchased by Perfectly Bound.
  7. Opus Group sells its debt to HK Based 1010 Printing Group, giving it effective ownership
On the Supplier side:
  1. Layar purchased by Blippar (Global)
  2. Direct Smile purchased by EFI (Global)
  3. Total Supply purchased by Spicers (NZ)
  4. Adkote purchased by Starleaton
  5. Anitech purchased by Neopost
  Closures
  1. Focus Printing (NSW) had its auction
  2. Digital Post (owned by Computureshare, Salmat and Zumbox)
  3. TPS Venture (NSW) – liquidation
  4. Gopher Graphics (NSW) – Liquidation
  5. Worldwide Adelaide (SA) – Liquidation
  6. Expression Printing Group (NSW) – creditor’s liquidation
  7. Shoalhaven Commercial Printers (NSW) – Voluntary administration
Mergers / MBO’s
  1. Big Colour Imaging and Flash Graphics (NSW) – Merger
Suppliers:
  1. Tharsten – Management Buy Out (MBO)
  2. Mark Andy – MBO

Major Equipment – Sales and Installations

Digital
  1. Fuji Xerox – Versant 2100 Digital Printer (new model)– sold to Minuteman Fairfield, Budget Mailing Services, Snap Dandenong, Kwik Kopy Penrith, Vivid Print, Cessnock Print Place, Dinkums the Copy Centre, Same Day Printing, Snap Rowville, Indie Print
  2. Konica Minolta Biz Hub C1085 Digital Printer (new model)– sold to MMP and Xtreem
  3. Konica Minolta C8000 digital press – two sold to Reflex Printing (SA)
  4. HP – Mezographic (VIC), installed a Scitex FB 10000 and Latex 3000 large format printers, Sign Enterprise (WA), installed a Latex 360 wide format printer
  5. Rapid – An XL 220 label press sold to Evolution Labels (NSW)
  6. EFI – a H1625 LED printer sold to Owen Signs (NSW)
  7. Vutek – a roll-to-roll LED printer sold to Hi – Vis
  8. Canon imagePRESS 700 to Gold Leaf Framing (NSW)
  9. Positive Camtec – a swissQprint to Mediapoint Trade
Finishing
  1. Print Junction (SA) installed a Horizon CRF 362
  2. Megacolour (NSW) installed a Polar N137 Plus Guillotine and Stahl TH 82 folder
  3. The Paper Shop (Vic) installed a Morgana Digifold Pro folder
  4. Digital Logic (Vic) – Pitney Bowes D1950 folder inserter
  5. Hannanpak (NSW) installed a Bobst 106 Mastercut die cutter
Other
  1. Kwik Kopy Bondi Junction installed a 3-D printer
  2. Bundall Printing (QLD) installed an Agfa Avalon N4 Thermal CtP
Business For Sale / Businesses Wanted Due to recent sales successes we have only two printers available for sale, down from eight at the start of the year. So there is good demand for print businesses, especially client lists, in all states. Contact, Richard Rasmussen at Ascent Partners, www.ascentpartners.com.au for a confidential discussion about the market’s needs.   Market Watch The above information was sourced from our free monthly Market Watch report. Please subscribe via our website, www.ascentpartners.com.au Ascent Partners is the PIAA’s preferred Australian supplier of business sales, appraisal and valuation services.        
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