Lotsa Print in split sale

Far North Queensland’s biggest printer Lotsa Print has been sold, in a deal that sees the Port Douglas manufacturing operation purchased by national trade printer CMYKhub, and general manager Marty Griffiths picking up the retail element, which includes three storefronts.

CMYKhub says it has made the purchase to increase local manufacturing capabilities. Craig Graham, group operations manager, CMYKhub explains, “We jumped at the chance to support local manufacturing in far north Queensland. In Brisbane, we have digital, wide-format and offset capabilities, but there are still vast distances to cover. Now we will be able to manufacture products here for a quick turnaround, which we feel better services our customer base.

Graham says, “All resellers of print in FNQ will now have access to CMYKhub's trade pricing and full range of products with selected offset, digital and wide format products being produced from the Port Douglas facility.”

There are no planned changes to staff, says Graham, or equipment, with the exception of a wide-format printer being moved from Lotsa Print retail location in Cairns to the Port Douglas manufacturing centre.

“At this stage we plan on keeping everyone on, but we are still accessing the business, and yet to see if there are any efficiencies that can be made. I am currently heading up there now to take a better look through the business.”

Marty Griffiths will keep the Lotsa Print brand, and will become a client of CMYKhub.  Griffith will keep and develop the Lotsa retail operations, located in Cairns, Townsville and Port Douglas.

Peter Martin, long-time former owner, Lotsa Print says, “It is a perfect fit for us. I have known Clive Denholm for a decade, we have always had passionate discussions about print manufacturing, and helped one another out over the years. They are a family-owned business, very switched on.”

While Martin says a split sale was not his first-choice, he is glad that long-time employee Marty Griffiths put his hand up to take over the retail aspects.

“We are a well-known name, and now that name will continue.” He first put the business – which he founded in 1995 – up for sale about a year ago.

Peter Martin plans on retiring with his wife Beverley after assisting with the transition. “It is time to go out and smell the roses, and try to improve on my golf game,” says Martin.

Craig Graham says, “Peter and his team at Lotsa Printing have set the standard in FNQ over the past 22 years. We wish both Peter and Marty every success as they concentrate their efforts on the retail business of Lotsa Printing.”

 

 

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