Blue Star snatches ACP contract, $40m blow for PMP

Transtasman print group Blue Star Group has snatched the ACP Media New Zealand printing contract in a move described by insiders as “devastating” for the local arm of PMP.Blue Star, privately owned by funds advised by CHAMP Private Equity, Tom Sturgess and Blue Star senior management, was awarded the contract two weeks ago, chief executive Chris Mitchell confirmed to NBR yesterday.PMP Print (NZ) had held the contract but it was put up for tender when ACP's parent company PBL Media shelved plans in April to build its own printing plant.

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