I spoke to a major printer today and he said it always mystified him why PaperlinX doubled up so much.
Back 3 years ago under the PaperlinX umbrella there was Spicer, Thomesette, Daltons and Paperhouse. Yet all had separate sales reps and all bided against one another - which he thought was great from his point of view. They also delivered using separate vans and had different warehouses.
He now claims they all come out of the one massive warehouse here in Perth now. So that a cost saving, providing they don’t lose market share. But even then the market is shrinking. So yes diversification at a quick pace is needed.
Im starting to think it will be a miracle if Paperlinx gets through. Maybe Michael Barker will become Reverend Barker if the company survives.
SRS Price at posting:
5.9¢ Sentiment: None Disclosure: Held