GEON Group today announced that it will increase its sheet fed and associated capacity and extend its product offering to its customers in the Auckland marketplace by merging PrintCo and Bays Press Limited.
The merger of these two outstanding sheet-fed print businesses supports GEON’s strategy of delivering improved operational performance through leveraging the size and scale of the group. The combined facility will extend the current individual offering to customers of each business through the provision of a broader range of products and services.
On completion of the merger scheduled for the 1st May 2007, Bays Press Limited will cease to operate out of its premises in Albany and will relocate all business activities to the two PrintCo sites at Albany and Kingsland.
Gordon Towell, Group Chief Executive, GEON Group, said the merger was an important step towards enabling the Group to provide customers with a broader product and service offering whilst delivering enhanced value to the company’s shareholders.
“PrintCo and Bays Press Limited are leading businesses in their own right and by combining them we can create an even stronger organisation to best meet the longer term needs of both our customers and employees.” he said.
The new business will be managed by a combined team from both companies, led by Andrew Maclaurin General Manager of PrintCo and supported by James Barham, current General Manager of Bays Press Limited. It is anticipated that the majority of employees from Bays Press Limited will transfer to the combined operation at PrintCo.
Enquiries:
Sandy Maier
Chairman, GEON Group
Ph: +64 211 633 806
Gordon Towell
Group Chief Executive, GEON Group
Ph: +61 2 8667 3072
About GEON Group
GEON Group is a leading commercial printing business with operations in New Zealand and Australia. The primary focus is on providing a broad range of high quality print solutions to a wide range of customers in the publishing, retail, corporate and government sectors. The Group now employs more than 800 staff and generates annual revenues of approximately $200 million.