Pegasus Printing opens its books for due diligence inspection

Although no one is talking, industry speculation points towards the Blue Star Group as the likely buyer. Well-known industry identity, Wayne Finkelde, general manager, remained tightlipped when approached for a comment, although there are plenty of rumours about.

The company itself was an active consolidator up to last year, buying MAPS Litho from Bruce Meers to add to its Teldon takeovers. In recent time the Blacktown-based company, which among its other activities prints for Woolworths, installed a Heidelberg long-prefecting press. It also consolidated the printing from MAPS at French’s Forest to the Blacktown site.

If the deal goes ahead it will the third big takeover for the CHAMP-backed Blue Star this year. In May it bought National Capital Printing in the ACT and in June swallowed the McMillans Printing Group.www.print21.com.au/index.cfm

It goes to show that the current financial turmoil is unlikely to stop a stop to the determined consolidation underway on both sides of the Tasman