NZX float candidate forms UK alliances

Asia Pacific printer Opus Print Group has formed an alliance with two British printers in a move the company says will extend its offshore offering.

Asia Pacific printer company Opus Print Group, which is eyeing a public share float and NZX listing, has formed an alliance with two British printers in a move the company says will extend its offshore offering.

The two companies are Hobbs the Printers and MPG Books Group (UK), which specialise in educational journals for businesses.

Opus chief executive Cliff Brigstocke said the alliances confirmed the group’s development strategy that was outlined in a recent presentation organised by share market operator NZX.

“Educational publishing is very specialised and focused on delivering high value content in short runs to suit specific courses and areas of study. Print will maintain its vitality as a distribution medium in this market,” he said. 

Opus, 69% owned by a private equity fund run by New Zealand-based Knox Investment Partners, indicated a year ago a desire to list on the stock exchange. 

Opus employs more than 400 staff and claims annual revenues in excess of $100 million.