Founded in 1985 by current managing director Michael Becconsall, the company enjoyed steady growth, increasing its staff from three to 85. As the head of one of the largest sheet fed printing businesses in the south island, Beconsall feels confident in the Blue Star deal.
He says, "We're very happy with the deal going through because it secures our company's future. We like the way they work and I'm quite excited, although we're not looking at anything radical or changing anything in a hurry."
Glen Climo, CEO of Blue Star agrees that much will stay the same. He says, "Spectrum Print will continue to operate in its current form with all members of its present senior management team having entered into long term employment contracts with Blue Star."
The deal with Spectrum is a key element in Blue Star's strategy, being its first south island sheetfed printing business acquisition. Climo says, "Blue Star will continue to seek out acquisitions that strengthen our companies relationships and broaden our service capabilities, including suitable print and mail house businesses, with the support of our majority shareholder Champ private equity. It is part of a cohesive strategy based on acquisitions, capital investment, people, and innovation."
