Security printer and document management company Leigh Mardon, has announced the management buy-out of its New Zealand operations, from Leigh Mardon Australia. PTC Enterprises Limited will trade as Leigh Mardon NZ and the deal will allow the two organisations to continue a strong trans-Tasman joint approach to marketing, manufacturing, technology transfer and exciting new anti fraud products.
Leigh Mardon currently services almost half the New Zealand secure and non-secure card printing market from its plant in Albany, Auckland.
The Auckland plant is able to produce in excess of 50 million cards per year and clients include some the largest financial and communications organisations both nationally and globally, such as Westpac, Telecom and Visa.
The previously American Banknote (ABN) owned business will be managed by its current New Zealand management team, headed by managing director, Andrew Corbett, and backed by Clavell Capital and new investor shareholders.
According to Corbett, the aim is to invest in and grow the already $10.2million turnover business, capitalising on the new investment now available.
"We’re delighted to announce this move towards a more strategically structured company and a more effective and profitable business model," says Corbett. "Already, the immediate effect is a strong balance sheet, sound financial backing and a major enhancement of our service offering."
The buy-out comes with a substantial increase in the company’s production capacity, including new state-of-the-art 6180 Xerox printers and a HP Indigo digital press S2000– the only machine of its type in New Zealand.
Leigh Mardon has achieved an outstanding 100 per cent client loyalty rate over the past two years. The company occupies a unique position in the printing market. It is New Zealand’s only integrated national supplier of security products and document of value to the banking and telecommunication sector, including specialised plastic and paper printing, personalisation capabilities and distribution.
This core business competency has been built around the increasing emphasis businesses are placing in secure transactions and information gathering.
Leigh Mardon offers a "one stop shop" approach to total secure document printing, personalisation and distribution requirements. Products include cheques, smart cards, ID, credit and loyalty cards, EFTPOS solutions, document personalisation systems and bar code labels.
"The number of cards and their uses has increased phenomenally over the last few years," says Corbett. "The card has become the most important medium in history – you only need to look in your wallet to prove it. This trend is set to continue and our new structure is set up to capitalise on that, staying one step ahead of customer needs."
The Wellington plant, which has specialised in chequebook manufacture and distribution has been closed and all work moved to Auckland including a number of key staff.
