IVE announces Implementation Deed to acquire all or substantially all of Ovato
IVE Group executive chairman Geoff Selig has announced the company is looking to acquire all or substantially all of troubled printer, Ovato.
10 August, 2022Posts Tagged: Ovato
Administrators receive multiple expressions of interest in Ovato
FTI Consulting has held its first Ovato creditor meeting and says it has received a number of expressions of interest from parties looking to buy the troubled printer
4 August, 2022
Ovato admins seek expressions of interest for troubled printer
Interested parties looking to buy Ovato or parts of it have until Friday July 29 to register their interest with all binding offers due by Thursday August 11
26 July, 2022
It is “possible” Ovato could fall into Opus’ hands: Celarc
Opus Group executive chairman Richard Celarc says while nothing is on the table, it is “possible” Ovato could become part of the Hong Kong-owned Opus Group
22 July, 2022
Industry reflects with sadness as Ovato enters admin
Ovato’s slide into voluntary administration comes after a series of difficult years for the company and its staff
22 July, 2022
A timeline of significant recent events at Ovato
Ovato was the result of a merger between the Hannan family’s IPMG and PMP, which was once part of the Murdoch empire
22 July, 2022
Ovato enters voluntary administration
One of Australia’s largest heatset printers, Ovato, entered voluntary administration with volatile market conditions, increased raw material costs and legacy cost issues cited as the reasons for the move
21 July, 2022ACCC approves Opus buy of Ovato’s book business
Possible insolvency was a key factor in the ACCC’s decision to approve the $8.5m sale of Ovato’s book printing business to Opus Group
16 June, 2022Left Field Printing Group subsidiary Opus Group to acquire Ovato’s book printing business for $8.5M
In addition to the acquisition, Opus has also agreed to inject $2.5 million into Ovato, with the funds raised from both transactions applied to Ovato’s general working capital initiatives
9 June, 2022
The “perfect storm” hitting paper supply: Northwood
Lead times for catalogue grade paper deliveries to NZ have blown out to up to 11 months with many shipping lines refusing to dock there, says TRMC CEO Kellie Northwood
7 April, 2022
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