Some major market movements took place in May across a large section of our industry - the web, large and smaller commercial printing, transactional and outdoor print markets. drupa 2012 certainly didn’t slow local market activity, with TMA identified as the bidder for PMP and Salmat receiving a $300 million bid for its mail division.
The Sands Group, one of Victoria’s longest standing printers was eventually broken up and sold by the administrator – BPA Print Group purchasing the client list and the TIC Group the pick and pack section. The machinery goes to auction with the Dominion Group on 14.6.12.
The SEMA Group, reportedly Australia’s third largest transactional printer, went into administration during the month. The business is believed to turnover around $90,000,000 per annum, with around 700 staff. They recently installed two high speed Impika IPrint eVolution presses.
APN Outdoor finalised its joint venture with Quadrant Private Equity. This now sees this division valued at $272,000,000.
On a smaller scale, Kwik Kopy bought CityPrint (Sydney) from the liquidators and Australian Managed Print Services fell into voluntary administration. On the supplier side, Jet Technologies also made a move into the NZ market with the opening on a new branch in Auckland.
Major Machinery Installations and Sales
Rasmussen expected to here a little more about the local successes from the Drupa show. However, Curries Curries reported four regional sales of the new A2 Indigos, 3 x Horizon AFC 566 cross folders and two Horizon Stitchmasters.
GSP in NSW has installed an Onset S20 digital flatbed and an Uvistar 5032 Grand Format UV machine. Agfa reported a couple of installations of its Jetti 1224 wide format machines to Oxford and Catalyst Graphics in NSW.
In Far North Qld, Lotsa Printing, the largest printer in the region, recently installed a Morgana Digifold and an HP 26500 Wide format latex machine.
Other sales / installation stories were from
- WA, where Graphic Glass installed a Screen Truepress Jet 2500 UV machine
- Victoria, where Flow Printing installed an Agfa Avalon N8-12S CtP system
- NSW, where Pure Colours installed a new Konica Minolta Biz Hub 8000 and Momento Pro installed a HP Indigo 7500 press.
Businesses For Sale
Ascent Partners settled another commercial printer sale in May, and should settle another this month.
We have just listed a very profitable larger printer in the Southern Seaboard, with turnover exceeding $10,000,000 and modern equipment.
We also have listed:
- $545,000 turnover Vic niche print related manufacturer
- $5,000,000 turnover NSW commercial printer
- $5,000,000 turnover Eastern seaboard printer
- $3,000,000 turnover QLD printer
- $9,000,000 turnover Southern Seaboard printer.
More details can be found on these businesses from our web site. It may seem from the above list we only do larger printers, but this is not the case, we’ve sold all the under $3,000,000 printers and are looking to list more in all Australian states.
Summary
The above provides a summary of the market activity reported during May. You can find more details on these stories from our Market Watch web page, at www.ascentpartners.com.au. Here you can download this and previous editions, and also subscribe to our free monthly Market Watch bulletin