- Hits: 2800
ASX-listed print and marketing business IVE Group has entered into an agreement to acquire Salmat Marketing Solutions, the Australian catalogue distribution business of Salmat Limited, for $25 million. The deal includes Reach Media NZ - Salmat’s catalogue distribution business in New Zealand. Both Marketing Solutions and Reach Media (previously a joint venture between Salmat and NZ Post) will continue to operate as standalone businesses.
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In an escalating war of words between the global print giants, HP has rejected Xerox’s threat of a $33.5 billion hostile takeover by questioning Xerox’s ability to raise the cash portion of the proposed deal. “It is clear in your aggressive words and actions that Xerox is intent on forcing a potential combination on opportunistic terms and without providing adequate information,” HP said in a letter on Sunday. However, HP did not close the door on a possible deal, adding: “We remain prepared to study the potential value of a combination."
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Liquidators of Port Melbourne sign company Adherettes are seeking to sell the business as a going concern and a number of potential buyers have already expressed interest.
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Xerox says it’s “determined” to pursue its proposed acquisition of HP and has threatened to take its $US33.5 billion buyout offer directly to HP shareholders if the HP board refuses to agree to “due diligence to support a friendly combination” before 25 November. HP has a market value of about $US27 billion, which is roughly three times the size of Xerox.
- Hits: 2320
The operators of Sydney print finishing business Mega Tabs have back-paid Korean migrant workers $229,564 and been penalised $18,144 following Fair Work Ombudsman court action.
- Hits: 3956
Sign company Skope Group via its associated company Clear Skies Pty Ltd, trading as Scream Visual, was recently in the news following its administration and DOCA resurfacing, leaving around $2.3 million in debts. Now DI Sign Group of Mordialloc, Victoria has sought a winding up order, set down for hearing on December 10th in the Supreme Court of Victoria.
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Family-owned corporate signage specialist Adherettes has gone into liquidation after more than 40 years in business. The company remained open on Wednesday morning as liquidators decided the next step.
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HVG Graphics Media has announced the first round of winners in its Splash into Summer competition being run in conjunction with 3M Colour. Prizes include a spectacular seaplane adventure, a dining experience, and a night's stay at one of Australia's most stunning ocean retreats.
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Former IPMG chairman Michael Hannan is the new head of the region’s biggest print company Ovato following the sudden resignations of former chairman Matthew Bickford-Smith and director Terry Sinclair.
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Australia’s only manufacturer of printing and packaging papers has welcomed the Victorian Government’s plans for a new $110 million plantation industry in Gippsland. Australian Paper says bushfires and environmental pressures are threatening the future viability of the regional industry.
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FESPA says momentum is building for its inaugural Sportswear Pro - a new exhibition dedicated to sportswear manufacturing technology that will run alongside the flagship FESPA Global Print Expo 2020 from 24 to 27 March in Madrid.
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Outdoor advertising company oOh!media has rejected a report in The Australian newspaper that said the company may be the subject of a management buyout and be delisted from the Australian Stock Exchange (ASX).
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HP says Xerox's proposed $33.5 billion takeover offer "significantly undervalues" the company but says it’s “open to exploring whether there is value to be created for HP shareholders through a potential combination with Xerox.”
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Ricky Richards has launched two new products, the printable backlit textile Artist Mambo Direct-Tex and the blackout textile be.tex Directo FR.
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The 50th edition of global textiles trade fair Heimtextil (7-10 January 2020 in Frankfurt, Germany) will showcase “more sustainable products than ever before,” say organisers Messe Frankfurt. Around 3000 international exhibitors will present their latest innovations at the show, which will include an extended range of digital print technology for the textile industry.
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Esko extended its Kongsberg digital cutting table range with the launch of the new Kongsberg X Edge, a fully upgradeable table design offering “productivity, flexibility and best in class reliability” to display, signage and packaging converters.
- Hits: 5626
Canada’s CCL Industries, which describes itself as the world's largest label maker, has continued its global expansion with the acquisition of Geelong-based on-demand personalised digital print business, Stuck On You.
- Hits: 3719
Print and design franchise business Snap Franchising has appointed former Fastways Couriers MD Richard Thame as its new chief executive officer, following the June 2019 resignation of former CEO Peter Sinodinos.
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Sometimes, our archived stories get searched via the various engines and continue to provide useful information long after first publishing. Such was the case when Emma Barry needed to know more about font licences and found Shane Drew's 2010 column on Typeface licencing.
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Mick Stocker of Mick’s Sign Shop in Forster on the NSW Mid North Coast was across the road helping to put out a fire on a neighbour’s property when he noticed his own building was in trouble.
by Graham Osborne
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Gold Coast sign business So Wrapped Signs has been wound up by order of the Supreme Court in Queensland and a liquidator is sorting through the company’s assets and creditor list.
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