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UPS & DOWNS OF BLUE STAR

The country's fourth largest print group has had its fair share of ups and downs.

Latest about UPS & DOWNS OF BLUE STAR

Blue Star NZ boss David Jupe leaves after Geon integration 

Blue Star NZ boss David Jupe leaves after Geon integration

21 May 2013 |  Nick Bendel  |   Comment now
Blue Star New Zealand chief executive David Jupe has resigned from the company to take a "well-deserved rest".
Blue Star holding companies liquidated with NZ$165m of debt 

Blue Star holding companies liquidated with NZ$165m of debt

10 Apr 2013 |  Nick Bendel  |   Comment now
Blue Star's holding companies owed NZ$165 million when they were wound up.
Around 70 Blue Star Canberra staff sacked in Opus deal 

Around 70 Blue Star Canberra staff sacked in Opus deal

5 Apr 2013 |  Nick Bendel  |   Comment now
About 80% of Blue Star ACT staff have lost their jobs after the business was sold to Opus Group.
Opus is king of Canberra after acquiring Blue Star ACT 

Opus is king of Canberra after acquiring Blue Star ACT

27 Mar 2013 |  Nick Bendel  |   Comment now
Opus Group has tightened its grip on public sector printing by acquiring Blue Star’s ACT sheetfed and digital businesses.
Blue Star buys Geon NZ; hundreds of jobs on the line  

Blue Star buys Geon NZ; hundreds of jobs on the line

15 Mar 2013 |  Steven Kiernan, Nick Bendel  |   Comment now
Geon is in Blue Star hands on both sides of the Tasman after Tom Sturgess acquired the New Zealand assets, with more than 150 job cuts expected.
Blue Star enjoys million-dollar success with ABS and Treasury accounts 

Blue Star enjoys million-dollar success with ABS and Treasury accounts

11 Mar 2013 |  Nick Bendel  |   Comment now
Blue Star said its track record of producing quick turnarounds under secure conditions helped it win a seven-figure Federal contract.
Blue Star buys Geon NSW and Vic, hires Graham Morgan 

Blue Star buys Geon NSW and Vic, hires Graham Morgan

6 Mar 2013 |  Nick Bendel  |   Comment now
Australia's largest ever sheetfed firm has been born after Blue Star rolled up Geon's Sydney and Melbourne operations.
Blue Star NZ buys Geon Labels, all debts will be honoured 

Blue Star NZ buys Geon Labels, all debts will be honoured

5 Mar 2013 |  Nick Bendel  |   Comment now
The break-up of Geon has begun with Blue Star New Zealand acquiring the company's Kiwi Labels business.
Former Blue Star boss predicts bright future under Selig and Sturgess 

Former Blue Star boss predicts bright future under Selig and Sturgess

13 Feb 2013 |  Nick Bendel  |   Comment now
Blue Star's former boss has predicted the company will "go from strength to strength" under its new owners.
Blue Star's bankers face haircut worth tens of millions  

Blue Star's bankers face haircut worth tens of millions

8 Feb 2013 |  Nick Bendel  |   Comment now
Blue Star's bankers could take a haircut worth tens of millions of dollars after the group's holding company was wound up.
Blue Star bondholders mull legal challenge over $80m loss 

Blue Star bondholders mull legal challenge over $80m loss

4 Feb 2013 |  Nick Bendel  |   Comment now
Angry Blue Star bondholders are considering legal action after losing over NZ$100 million ($81 million).
CaxtonWeb jobs cut after contract loss to PMP and Webstar merger 

CaxtonWeb jobs cut after contract loss to PMP and Webstar merger

31 Jan 2013 |  Nick Bendel  |   Comment now
Blue Star has laid off about a dozen staff as a result of a major contract loss and the impending merger between CaxtonWeb and Webstar.
Geoff Selig rolls up Webstar and CaxtonWeb in Sydney  

Geoff Selig rolls up Webstar and CaxtonWeb in Sydney

22 Jan 2013 |  Steven Kiernan  |   Comment now
Geoff Selig has revealed that his CaxtonWeb business will be rolled into Webstar and confirmed the appointments of Glen Draper and Kim Lykissas from Geon.
Blue Star NZ's new owner rejects bondholder criticism 

Blue Star NZ's new owner rejects bondholder criticism

17 Jan 2013 |  Nick Bendel  |   Comment now
Blue Star New Zealand's new owner has defended his conduct and that of his management team after bondholders were left with a worthless investment.
Blue Star's final year: big losses, bigger debts, bargain selling price 

Blue Star's final year: big losses, bigger debts, bargain selling price

11 Jan 2013 |  Nick Bendel  |   Comment now
Blue Star missed its profit forecast by nearly NZ$300 million in its last-ever year as a single company.
Tom Sturgess buys Blue Star NZ 

Tom Sturgess buys Blue Star NZ

8 Jan 2013 |  Nick Bendel  |   Comment now
Blue Star New Zealand's new owner has promised that staff and suppliers "will get paid just fine" and the management team will remain in place.
Blue Star men Draper and Lykissas resign from Geon 

Blue Star men Draper and Lykissas resign from Geon

13 Dec 2012 |  Nick Bendel  |   Comment now
Two senior Geon executives have resigned and will move together to a new company, expected to be Blue Star.
Blue Star NZ: we could have a new owner by January 

Blue Star NZ: we could have a new owner by January

12 Dec 2012 |  Nick Bendel  |   Comment now
Blue Star's "outstanding" New Zealand business could have a new owner by January, said managing director Phillip Bower.
Selig buyout promises to bring stability and strategy to Blue Star 

Selig buyout promises to bring stability and strategy to Blue Star

4 Dec 2012 |  Steven Kiernan  |   Comment now
The Selig-led buyout promises to bring stability and strategy to the sheetfed and web group
Photos: 2012 ACT Page Awards winners gallery 

Photos: 2012 ACT Page Awards winners gallery

29 Nov 2012 |  Comment now
The ACT Page Awards was held at the Realm Hotel on 23 November. More photos can be found on our Facebook page.
Blue Star, Paragon and Qote claim the medals at ACT Page Awards 

Blue Star, Paragon and Qote claim the medals at ACT Page Awards

29 Nov 2012 |  Nick Bendel  |   Comment now
Blue Star and Qote have emerged as the big winners from the ACT Page Awards with three gold medals each.
Blue Star 'debt-free' as sale to Selig and Wolseley Private Equity completes 

Blue Star 'debt-free' as sale to Selig and Wolseley Private Equity completes

9 Nov 2012 |  Steven Kiernan  |   Comment now
Former Stream Solutions shareholder, Wolseley Private Equity, is the other partner in Geoff Selig's takeover of Blue Star Australia.
Blue Star buyout: Australian business acquired by Geoff Selig 

Blue Star buyout: Australian business acquired by Geoff Selig

6 Nov 2012 |  Steven Kiernan  |   Comment now
CaxtonWeb boss Geoff Selig has acquired the Australian side of his former company, Blue Star, from private equity owner Champ.
TMA pulls out of Blue Star bid as former owners linked to takeover 

TMA pulls out of Blue Star bid as former owners linked to takeover

19 Oct 2012 |  Steven Kiernan  |   Comment now
The firm behind the bid for PMP, TMA Group, also put in an offer for Blue Star but pulled out when the asking price went too high.
Blue Star: nothing sinister in delisting, underlying position 'positive' 

Blue Star: nothing sinister in delisting, underlying position 'positive'

20 Aug 2012 |  Nick Bendel  |   Comment now
Blue Star's managing director has said he expects a sale by the end of November – and the group will change hands with its books in a healthy state.
Blue Star holds back annual report as sales process drags on 

Blue Star holds back annual report as sales process drags on

15 Aug 2012 |  Nick Bendel  |   Comment now
Blue Star will delay reporting its annual results to avoid speculation on the group’s future and its market value damaging the sales process.
SOS Print snatches major govt contract from Blue Star 

SOS Print snatches major govt contract from Blue Star

31 Jul 2012 |  Nick Bendel  |   Comment now
SOS Print & Media Group will print and distribute almost eight million ballots in just a fortnight after winning a NSW government contract out of the hands of Blue Star.
Blue Star angers bondholders as investment likely to be worthless 

Blue Star angers bondholders as investment likely to be worthless

26 Jul 2012 |  Nick Bendel  |   Comment now
Blue Star could face a backlash from bondholders who look likely to lose their investment unless the group is sold for well over the anticipated price.
Blue Star hires Goldman Sachs as it seeks quick sale  

Blue Star hires Goldman Sachs as it seeks quick sale

24 Jul 2012 |  Nick Bendel  |   Comment now
Blue Star's bonds have been placed in a trading halt as it pushes ahead with an urgent sale, hiring Goldman Sachs to oversee the process.
Blue Star may shed more assets after offloading NZ labels business 

Blue Star may shed more assets after offloading NZ labels business

3 Jul 2012 |  Nick Bendel  |   Comment now
The man who sold Blue Star to Champ has re-entered the frame in the form of a buyout of one of the group's New Zealand subsidiaries, Rapid Labels.
Blue Star joins PMP and Salmat in takeover talks 

Blue Star joins PMP and Salmat in takeover talks

2 Jul 2012 |  Nick Bendel  |   Comment now
Consolidation is heating up as Blue Star became the third major print group after PMP and Salmat to enter takeover talks, while also mulling a sale of its labels business.
Blue Star responds to rumours of administration 

Blue Star responds to rumours of administration

29 Jun 2012 |  Steven Kiernan, Nick Bendel  |   Comment now
Blue Star has responded to rumours swirling about the possibility it is about to enter administration.
BPA wins Subway and ex-Blue Star pharma client 

BPA wins Subway and ex-Blue Star pharma client

28 Jun 2012 |  Steven Kiernan  |   Comment now
Business Print Australia will "start the new financial year in a strong position" after winning major deals, including a pharmaceutical client from incumbent Blue Star.
'Time to wake up' as leading printers burned in $1.6m collapse 

'Time to wake up' as leading printers burned in $1.6m collapse

13 Jun 2012 |  Steven Kiernan, Nick Bendel  |   Comment now
The $1.6 million failure of a Sydney print broker has proved no one is safe, with some of the highest-profile and most respected printers caught out.
Blue Star subsidiary battles on after Christchurch earthquake 

Blue Star subsidiary battles on after Christchurch earthquake

6 Jun 2012 |  Nick Bendel  |   Comment now
Christchurch-based Spectrum Print expects to start churning through government work from parent Blue Star after relocating to new premises following last year's earthquake.
Blue Star Q3 results fall below forecasts 

Blue Star Q3 results fall below forecasts

31 May 2012 |  Steven Kiernan  |   Comment now
Blue Star's new chief executive said he "likes a challenge" as the print group posted less than favourable results for the third quarter.
Blue Star signs $6m print management deal to print Job Guides 

Blue Star signs $6m print management deal to print Job Guides

26 Apr 2012 |  Nick Bendel  |   Comment now
Blue Star IQ has signed a $6 million contract extension with the Federal government to print the Job Guide for Year 10 students.
Blue Star owner Champ gets tick for Ooh Media buyout as sales and profits rise 

Blue Star owner Champ gets tick for Ooh Media buyout as sales and profits rise

8 Mar 2012 |  Nick Bendel  |   Comment now
Ooh Media has shown why it was a takeover target for Blue Star-backer Champ Private Equity after posting a 14% increase in net profit.
Blue Star set to miss earnings forecast after "disappointing" half-year results  

Blue Star set to miss earnings forecast after "disappointing" half-year results

5 Mar 2012 |  Nick Bendel  |   Comment now
Blue Star looks set to "fall short" of the forecast made during last year's debt restructure following a downturn in half-year sales and earnings.
Blue Star grows NZ public sector print management portfolio 

Blue Star grows NZ public sector print management portfolio

27 Feb 2012 |  Nick Bendel  |   Comment now
Blue Star said it would save New Zealand taxpayers millions of dollars as it added two more departments to its government print management contract.
Optus $10m contract tipped to move from Blue Star to Stream 

Optus $10m contract tipped to move from Blue Star to Stream

9 Feb 2012 |  Nick Bendel  |   Comment now
Optus is believed to be on the verge of signing with Stream Solutions for its $10 million print management contract, previously held by Blue Star IQ.
Blue Star's label business invests in new press to beat price pressure 

Blue Star's label business invests in new press to beat price pressure

3 Feb 2012 |  Nick Bendel  |   Comment now
Blue Star's New Zealand label arm is looking for "an edge" over cheap prices with the country's first Gallus RCS 430.
Blue Star PE fund Champ gets go-ahead for Ooh Media takeover 

Blue Star PE fund Champ gets go-ahead for Ooh Media takeover

12 Jan 2012 |  Nick Bendel  |   Comment now
Blue Star backer Champ Private Equity looks certain to add to its print media portfolio as its bid for Ooh Media got the tick from the outdoor company's board.
Blue Star replaces Chris Mitchell with new MD 

Blue Star replaces Chris Mitchell with new MD

21 Nov 2011 |  Nolan Giles  |   Comment now
Blue Star has appointed a new managing director with a background in private equity to help the trans-Tasman sheetfed group deliver on its ambitious growth plans.
Blue Star backer swoops on Ooh Media 

Blue Star backer swoops on Ooh Media

15 Nov 2011 |  Nolan Giles  |   Comment now
Blue Star's financial backer Champ Private Equity has proposed a takeover of Ooh Media, causing the large format specialist's share value to rocket over the last week.
Blue Star steps up environmental credentials with PEFC 

Blue Star steps up environmental credentials with PEFC

27 Sep 2011 |  Nolan Giles  |   Comment now
Blue Star NZ has said it can guarantee a "responsibly sourced supply chain" after securing PEFC certification across its entire product range.
Chris Mitchell resigns from Blue Star 

Chris Mitchell resigns from Blue Star

16 Sep 2011 |  Steven Kiernan  |   Comment now
Blue Star managing director Chris Mitchell has resigned from his role atop the trans-Tasman print group after a tumultuous few months.
Blue Star's earnings fall 8% in full-year results 

Blue Star's earnings fall 8% in full-year results

30 Aug 2011 |  Steven Kiernan  |   Comment now
Weak markets in Australia and New Zealand have hurt Blue Star's full-year earnings, though the print group stressed it is on track to see the earnings growth promised in its restructure.
'Time to get on with life', says Blue Star 

'Time to get on with life', says Blue Star

11 Aug 2011 |  Steven Kiernan  |   Comment now
Blue Star management have said it is time to leave behind the tension of the past month and look to the future.
Blue Star bondholders approve deal 

Blue Star bondholders approve deal

10 Aug 2011 |  Steven Kiernan  |   Comment now
Blue Star's bondholders have given the greenlight to the restructure by a narrow margin, with 76.9% of the required 75%.
 
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APRIL 2013

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