Under the agreement, CaxtonWeb will continue to operate from the current site. Quality Managing director Paul Canty retired from the business this week and will have no ongoing equity participation or operational involvement. Mike Shannon has been appointed managing director of CaxtonWeb.
Commenting on the acquisition Geoff Selig says, “The Selig family are very pleased to have re-entered the print communications sector and look forward to working with Mike and the team to recalibrate and strengthen the current business for the benefit of our customers, staff and suppliers.”
He continues, “The web offset market has held up and this company provides a niche service so we believe we can do well in the competitive market notwithstanding the secular decline.”
The CaxtonWeb board currently comprises Geoff Selig, Paul Selig, also formally of Bluestar, and Mike Shannon, former managing director of Webstar until his retirement last year. Further appointments to both the board and the senior management team of the business will be made in the near future.
Also commenting, Mike Shannon says, “Our goal is to drive a values based, technology driven, customer focused and sustainable business that is highly respected within the sector in which we operate.”
CaxtonWeb’s print work will include niche publications, retails catalogues and government publications.
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