It's been a productive year for The Drinks Association's corporate partner Blue Star - part of the IVE Group - which has acquired Dominion Print Group and personalised communications company SEMA.
Dominion provides creative services, digital print, offset print and warehousing and logistics services and brings 200-300 new customers to Blue Star.
According to Matt Aitken, COO, IVE Group, the takeover of Dominion consolidates IVE’s position as Australia’s leading vertically integrated marketing communications company.
“Dominion is highly regarded within the industry, with a strong reputation for quality, innovation and service. The coming together of our collective experience, passion and capabilities positions us well in the market to ensure customers continue to benefit from a wide range of services.”
Regarding the SEMA acquisition, Aitken said: “This acquisition expands on the broader diversification strategy for IVE and positions our Blue Star Direct business as the market leader in the customer data management space. SEMA bring to the table credibility in the essential communications space and have a range of additional capabilities and technologies that enable us to enter new sectors in the market.
“The coming together of our collective experience, passion and capabilities positions us well in the market to ensure our customers benefit from a wider range of services to support and enhance their marketing and communications plans.
The Drinks Association publishes its weekly Drinks Bulletin newsletter and electronic direct mail correspondence via Blue Star.
IVE Group enjoys transformational year
At the IVE Group’s annual general meeting, Chairman Geoff Selig, chairman, also reviewed the major acquisitions of Franklin Web and AIW Printing for a price tag of acquisition price of $116 million.
"The past year is best described as transformational for the Group as we successfully entered the large format web offset sector through the acquisitions of Franklin and AIW. Our financial performance was well up on the previous year and once again within the full year guidance we communicated at the half year,’ he is reported as saying.
"The diversified value proposition IVE takes to market continues to be compelling to our customers and we remain committed to ensuring our offering remains relevant in the complex and evolving communications landscape – we are uniquely placed to do so."
Warwick Hay, managing director, noted other key initiatives for 2017 included the relocation of Blue Star Connect from three existing premises into a new 20,000m2 premises in Erskine Park, and the merging by Blue Star Display into new dedicated premises near Franklin Web in Sunshine.
IVE’s revenue for the financial year came in at $496.9 million, an increase of 30.1%.