Bright Print Group has purchased Enviro Press Australia, following the closure of the Enviro’s site, with all of its equipment having now been sold at auction.
The biggest piece for sale was a Komori 540 five colour press, which was bought by a printing company based in China, which outbid the local buyers.
Australian Valuations arranged the sale of Enviro’s assets with Peter Brand, managing director, National Auctioneers and Valuers assisting.
Brand says, “We had a 100 per cent clearance rate, with 80 registered business online. Local printers bought the bits and pieces, while the 540 is going offshore, which is typical.
“Our exchange rate is so low, it is attractive for overseas buyers to buy second hand equipment, now we are a well priced, cheaper location to source used print machinery. So when it is low you will find most go out of the country.
“At times selling used print machinery is like being a foreign currency dealer, the rate decides where the machinery goes.
“We see further rationalisation taking place, and a lot of 20 year old presses moving out of the country. From the offset side of things, digital is going to make life harder, and the volumes smaller and smaller, which is a cycle the industry can not change. Most have their heads around it, it is how the new world will operate.
“There were many disappointed buyers who missed out on buying something, which is a good sign that people are out there looking to expand.
“The vendor is happy with the clearance rate, and will move on to the merger.”
Enviro was a Sydney offset printing & finishing company, and will mark the seventh acquisition made by Wetherill Park, Sydney based Bright.
The site closed in August, while clients and staff were transferred over to Bright.
Debbie Burgess, director of Bright says, “It is a locally based organisation with a good name. We took it as an opportunity to incorporate another business into our group.
“Bright is not buying any of its equipment, we are taking on some staff.
“We had known one of the owners for a while, it was an easy conversation to have when they were ready to sell.
“We can now offer a wider range of offerings to their customers and there is the combined identity. We look forward to welcoming clients from Enviro Press.”
Enviro was a family owned business specialising in producing high quality magazines, brochures, annual reports and corporate and commercial printing.
BPG has been running for more than 50 years employing 120 staff members in both its Sydney and Newcastle location. It offers wide format, digital printing, binding and finishing, full colour printing, graphic design, mailing and distribution, inventory management, multi-channel marketing, packaging and POS.
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