Toll Holdings take lion's share of Stream Solutions

Patrick Corporation is Australia's dominant port operator and the parent company of Stream Solutions. For most of the past year the group has battled a hostile takeover bid from transport giant Toll Holdings.

An agreement was finally reached in April and Toll Holdings took 100 per cent control of Patrick Corporation in early July, meaning Stream Solutions is now part of the newly created transport, ports and logistics heavyweight.

Andrew Price, CEO of Stream Solutions, says he welcomes Toll Holdings' majority share in his company but claims the print management provider will continue to function as per normal.

“I am delighted that Stream has an organisation the size and strength of Toll Holdings as our major shareholder,” says Price. “From an operational viewpoint it will be 'business as usual' for Stream.”

Stream Solutions provides print management solutions that cover design, digital asset management, print procurement, electronic forms, mailing management, warehouse and fulfilment services. Some of Stream's major clients include Westpac, ANZ, Telstra, Aristocrat Leisure and McDonalds.

Stream currently places over $100 million of printing for its more than 90 corporate customers and is known as one of the public faces that led the print management revolution in Australia.

The company recently caught the attention of the industry following the announcement it would be opening an office in Hong Kong, allowing it to take advantage of the growing manufacturing capabilities of the region and deliver lower cost print services to its Australian customers.