Mergers acquisitions and alliances from around the world: 5 September 2011
This week’s M&A activity is headed by Fairfax Media’s plans to share production space with News Ltd, plus Designwyse’s appointment as exclusive Teckwin reseller for Vic/Tas.
Metropolitan newspapers rationalise print future
After weeks of closed-door discussions, Fairfax Media will proceed with its Chullora plant closure as it seeks to share production space in News Limited’s neighboring facility.
Chief executives of the nation’s two largest newspaper groups have been meeting secretly, with much publicity and industry speculation, to discuss the viability of a joint print venture. Fairfax has also met with APN about a possible New Zealand print merger.
According to the leaked internal memo, if the strange-bedfellow production alliance with News Ltd doesn’t pan out within the next three months Fairfax plans to develop a new smaller site to cut overheads.
Designwyse appointed exclusive Teckwin reseller for Vic/Tas
Exclusive Australian and Pacific distributor for Teckwin Grand Format and Flatbed UV printers, Positive Camtec has signed a reseller agreement with Designwyse Australia.
According to Adriano Gut, sales and marketing manager for Positive Camtec, there is now a complete Teckwin sales and service network over the entire East coast of Australia.
The agreement entitles Designwyse to represent Teckwin exclusively in Victoria and Tasmania and covers the complete Teckwin range of hardware, software and consumables.
Designwyse have already taken delivery of their Teckwin TS300 UV flatbed demonstration unit, and will be showing off its capabilities at the upcoming Visual Impact Image Expo to the held in the Melbourne Convention and Exhibition Centre form 13 to 15 September.
Designwyse’s appointment completed the Teckwin distribution on the East coast of Australia, currently handled by Positive Camtec in NSW and Sign Essentials in Queensland.
Multi-Color acquires York Label Group
Multi-Color Corporation announces the complete acquisition of York Label Group for around US$356 million, making it the largest label company in the US.
According to CEO, Nigel Vinecombe, the purchase has come at a good time when existing businesses are performing well and ready for a natural progression. “We continue to apply a consistent strategy of investing in consumer product staples, in this case with strong synergy benefits.
“York Label Group is in many ways a replica group of businesses for Multi-Color,” he says. Adding that he will remain as president and CEO of the combined company.
US-based Multi-Color has 18 operations (prior to the York transaction) in North, Central and South America, Europe, Australia, New Zealand, South Africa, and China.
