PMP Digital has acquired New Zealand company Saxon Print Group
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PMP Digital, a division of PMP Limited, has expanded its presence in the New Zealand sheet fed printing market with the purchase of a majority shareholding in Christchurch’s Saxon Print Group Limited. PMP New Zealand chief executive Rodger Shepherd says the Saxon acquisition is part of a strategy to build a significant sheet fed presence in the New Zealand market that offers capacity in both the North and South islands.Last year the company invested $15m in a web printing press for its Christchurch plant, and Shepherd says Saxon Print will further add to the company’s South Island print capabilities.
"Saxon is one of the largest sheet-fed printing companies in the South Island, and we see this acquisition as a way to further our commitment to serving this important market," he says.
The acquisition, for which the payment was not disclosed, increases PMP’s staffing in the South Island to more than 200 across Saxon Print and PMP.
Shepherd says there will be no redundancies as a result of the purchase, and rather there may be opportunities for employment growth in the future.
"PMP are continuing to grow our sheet-fed revenue at a high rate which requires us to keep increasing capacity."
Blair McDermott, owner and founder of Saxon, will continue to manage the company and says it will be business as usual for his clients.
The purchase follows on from several buys by PMP last year, including real estate print solutions business Maxum and sheet fed printing company Printworld.
