Commercial printer PMP wants Commerce Commission approval to buy the discarded printing assets of rival APN Print NZ.New Zealand Herald publisher APN News & Media is closing its Manukau heat set printing plant – slashing 150 jobs in the process
Commercial printer PMP wants Commerce Commission approval to buy the discarded printing assets of rival APN Print NZ.
New Zealand Herald publisher APN News & Media is closing its Manukau heat set printing plant – slashing 150 jobs in the process – having struck a deal for PMP to provide its gloss printing services.
APN said specialised plant was no longer core to its strategy and the 10-year outsourcing contract with PMP provided a long-term, cost-effective solution to its gloss printing needs in New Zealand.
The Manukau plant will close at the end of November, affecting about 150 staff.
PMP Print is owned by Australasian commercial printing group PMP Limited and produces a range of printed products including catalogues, magazines, books, dictionaries and newspapers on both sides of the Tasman.
Both printing companies provide heat set printing services to publishers of magazines and catalogues throughout the country.
The Commerce Commission now needs to determine whether the acquisition by PMP would substantially lessen competition in the market for gloss printing.
APN’s remaining printing operations in Ellerslie and regional sites including Tauranga, supporting its daily and community newspaper production, were not affected by PMP’s application.
