Toll takes 100% control of Stream Solutions

The buyout of founder Andrew Price and other executives is the culmination of a nine-year transformation of Stream from industry outsider to mainstream player. (Co-founder Tom Pongrass had already exited the company.) The participation of Toll Australia Group in the printing industry cements the importance of print management companies in the marketplace.

Long recognised as the largest of the print buyers, Stream reportedly places more than $100 million per year with a wide variety of printing companies. It recent time it has won such high profile contracts as the Victorian Government and Coca-Cola.

The new ownership of the company will see it expand its services to offer more comprehensive logistics support in addition to print management, while continuing to operate as a stand alone company. Using Toll resources, Stream will be able to include enhanced transport, mail room operation and warehousing options in its contracts. It is also envisaged that the two companies will put forward joint proposals where it gives them the edge.

And Stream will now pick up all Toll's print, of course.

Price will remain under contract as CEO of Stream Solutions and is promising the company intends to play an even larger role in the region's printing industry in the future. "It will be business as usual and Stream will continue to service our customers today as we did yesterday, albeit as part of a much larger group."

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