Geoff Selig acquired Geon for $4 million, after acquiring Blue Star for $17.9 million.
The details are contained in Caxton Print Group Holdings' financial report for 2012-13, which was recently lodged with ASIC.
Caxton is the parent entity of Blue Star. Caxton's directors include Blue Star managing director Geoff Selig and Blue Star executive Paul Selig. The other two directors are Angus Stuart and James Todd, who are also directors with the Seligs' backer, Wolseley Private Equity.
According to the financial report, Caxton made a "bargain purchase gain" of $33.9 million on Blue Star because it paid $17.9 million for the company but acquired $51.8 million of net assets.
The assets included $40.2 million of property, plant and equipment, a debtor book of $39 million and $11.5 million of inventories. The liabilities included $41.5 million of trade bills.
[Get news first. Sign up for free news bulletins]
Caxton spent $5 million on legal fees and due diligence during the Blue Star deal, according to the report.
The report also said that Caxton paid $4 million for "contract-based intangibles" when acquiring Geon's New South Wales and Victorian operations.
The deal involved $2 million in cash and $2 million in contingent consideration, according to the report. Caxton also spent $774,000 on legal fees and due diligence.
The report covers the period from 24 October 2012 to 30 June 2013.
According to the report, Caxton turned over $175 million during those eight months in 2012-13, which would suggest annual turnover of more than $200 million.
The company posted a net profit of $27.3 million for those eight months.
Caxton employs 900 staff, according to the report.
Geoff Selig did not respond to requests for comment.
[Related: Ups and downs of Blue Star]
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter