The buyout was done by Fraser & Jenkinson, which trades as PMG and is already the largest shareholder in Moore, with a 41.9% stake.

The acquisition adds to the print empire of Leo Moio, who controls Fraser & Jenkinson, and is managing director of PMG and a director of Moore.

Lisa Stark, PMG’s general manager of sales and marketing, said the buyout would allow PMG to better service clients in that region, particularly companies in the state’s health sector.

“We have won a lot of clients in WA, and it’s a strategic area we want to support,” she said.

The sale does not include debtors or stock. The WA business will also move into new premises.

PMG will continue to use the staff and supplier base, but will also use some of its manufacturing relationships in the state to improve the business.

“We’re getting used to change,” said Stark.

“It is an interesting time and move for us and WA is an area in which we have huge growth.

“We are in a growth phase and director Leo Moio is very good at selective acquisition, keeping the best bits and dealing with the unattractive things.”

Moore, which posted a $3.4m loss in its most recent financial results, has put in place a drastic restructure plan to get into better shape, including closure of the Wodonga site.

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