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AAP
AAP
Business
Derek Rose

IVE Group buys printer Ovato for $16m

Australia now has one remaining printer of glossy magazines and catalogues after a company takeover. (Dan Himbrechts/AAP PHOTOS) (AAP)

One large-scale printer of glossy magazines and catalogues remains in Australia, with IVE Group completing its $16 million acquisition of Ovato following a collapse of the 150-year-old company.

The Australian Competition and Consumer Commission last month elected not to oppose the takeover, even though it combines the country's last two providers of heatset web-offset printing.

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