Name change for Penfold Buscombe – Promentum Limited

Penfold Buscombe shareholders yesterday voted to change the company’s name to Promentum Limited at its AGM in Melbourne, capping off a remarkable year for the company now ranked as the ASX’s best performer in commercial supplies.

The name change to Promentum indicates the increasingly diversified nature of the company’s business. The well-established brand, Penfold Buscombe, will continue to be retained for the company’s sheet-fed printing business.

Penfold Buscombe Chairman, Ian Elliot commented: “Recognition as the best performer in the commercial supplies sector is strong validation of the company’s ability to grow and diversify. We believe that changing the company name to Promentum more accurately reflects the changing nature of our business. Over time we intend to develop brands in different segments to ensure we are viewed as more than just a sheet-fed printing business.

Penfold Buscombe Managing Director, Alistair Hill, said: “Over the past six months, we continue to make progress in signing up major brand names and large corporations who are looking to consolidate their printing requirements. We have a distinct advantage in the market through our technological capability and expertise in a range of communications services, in addition to our traditional print communications strength.”