Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


PMP acquires printing company Saxon Print

4 October 2004

PMP acquires printing company Saxon Print

Leading Print Media services company PMP (NZ) Limited has announced today the purchase of Christchurch printing company, Saxon Print.

PMP Digital, a division of PMP Limited, has purchased a majority shareholding in sheet-fed printing company Saxon Print Group Limited in Christchurch.

PMP New Zealand Chief Executive, Rodger Shepherd, says the Saxon Print acquisition is a continuation of the company's growth strategy. Last year PMP purchased real estate print-solutions business Maxum and sheet-fed printing company Printworld. With this latest Saxon Print acquisition, PMP is building a significant sheet-fed presence in the New Zealand market that offers capacity in both the North and South Islands.

PMP already has a strong presence in Christchurch. Last year the company invested $15 million in a web printing press for its Christchurch plant, and Mr Shepherd says Saxon Print will further add to the company's South Island print capabilities.

"Saxon is one of the largest sheet-fed printing companies in the South Island, and we see this acquisition as a way to further our commitment to serving this important market," he says.

The acquisition increases PMP's staffing in the South Island to more than 200 staff across Saxon Print and PMP. There will be no redundancies as a result of the purchase, and rather Mr Shepherd believes there may be opportunities for employment growth in the future.

"PMP are continuing to grow our sheet-fed revenue at a high rate which requires us to keep increasing capacity."

Blair McDermott, owner and founder of the company, will continue to manage the company. He says it will be business as usual for his clients.

PMP Limited is a leading market insight, print media services provider in Australasia and is listed on the Australian stock exchange. In New Zealand the company employs more than 900 people in Auckland, Wellington and Christchurch and has revenue in excess of $250 million.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news