The company says the rationalisation from multiple to single warehouses in other parts of the country is planned to occur as current leases expire over the next two years and as suitable replacement premises are secured.

Bernard Cassell CPI chief executive told Australian Printer the move will enable CPI to address inefficiencies within its business, which will make the company better to deal with and easier to run.

He says, “By consolidating we are adding to our cost base, there are real potential benefits as our staff in South Australia will be operating out of a better equipped facility, which will enable them to provide better service to our customers.”

CPI outlines that overall, for the whole of Australia the rental and operational savings from this programme is expected to up to $5m a year once complete.

Also in the news, CPI has completed the sale of the assets of its ANZ conventional printing machinery business to Ferrostaal Australia. The sale includes the CPI business’ inventory, spare parts, service contracts and warranty obligations.

Cassell adds that the sale is in line with CPI’s strategic plan to concentrate more on its core business and free up capital.

He says, “Ferrostaal is a company dedicated to that area so the machinery business will receive their full attention and is sure to benefit from that. Our core business is dealing with printer’s everyday consumable demands rather than one off capital demands.”

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