Prospectus printer in Australian hands
The biggest printer of prospectuses for fund managers, Blue Star, is now in Australian hands, following a management buy-out by its Australian and New Zealand executive team.
The acquisition follows a troubling time for its former US parent group, US Office Products, which filed for Chapter 11 bankruptcy earlier this year. Eleven executives in Australian and New Zealand reportedly put up the money for the buy-out.
Blue Star will remain headquartered in Aukland despite the fact that most of its growth is coming from its Australian operations which now make up about 60 per cent of its $225 million annual revenue.
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