Opus takes over Ovato’s ScotPac $5m debt finance
A loan facility which trade lender, Scottish Pacific, had with Ovato has been acquired by Opus Group, the owners of Ligare, CanPrint and McPherson’s Print Group
7 April, 2022Posts Tagged: Ovato
Ovato Aust paper supply & demand aligned as NZ heatset closes
Ovato CEO James Hannan says whilst ensuring paper supply is a struggle, Australia does have a few more supply options available compared to New Zealand
7 April, 2022Ovato to cease heatset printing at Wiri plant in New Zealand
Paper supply problems and increased costs cited as reasons for heatset shutdown in New Zealand
5 April, 2022
Ovato records $17.6m profit in HY 2021 results
Ovato has recorded a $27.3m increase in profit to $17.6m after shedding its marketing services and magazine distribution businesses
28 February, 2022
Ovato CFO Andrew Stedwell moves on
Ovato CFO moves on after 10 months in the job and is replaced by the company’s former GM of Finance, Ian Jones
22 November, 2021Ovato posts $67.1m net loss, print now the ‘singular focus’
Ovato CEO James Hannan points to ongoing transformation as FY21 results show an improved net loss as print production takes centre stage
31 August, 2021ACCC approves Ovato business sale to Are Media
The ACCC has approved the sale of Ovato’s retail distribution business to magazine publisher, shareholder and client, Are Media, with NZ regulator approval expected soon
3 August, 2021
Ovato shareholders vote yes on sale of retail distribution arms
Ovato shareholders have approved the sale of the company’s A/NZ retail distribution businesses to shareholder, Are Media, as it continues to refocus on print
20 July, 2021Ovato to close residential distribution business as letterbox volumes continue to decline
Ovato has announced it is closing down its residential distribution business in Australia on July 30, 2021 due to a COVID-19 induced downturn in letterbox volumes as it continues to sharpen its focus on print
6 July, 2021Ovato EGMs to approve non-print business sales to Are Media & Hannans
Ovato shareholders will soon vote on selling the company’s A/NZ retail distribution businesses to Are Media and its marketing divisions to a Hannan business
1 July, 2021
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