CORRECT Blue Star snaps up Geon labels unit out of receivership

Tue, 05 Mar 2013

(Fixes Andrew Grenfell's name in second graph) March 6 (BusinessDesk) - Blue Star Group, the revitalised printing operation under new ownership, has bought a New Zealand labels unit from the receivers of ailing rival Geon Group. The sale was completed yesterday and will see the transfer of 38 Geon employees and their entitlements to Blue Star, receivers Andrew Grenfell and William Black of McGrathNicol said in a statement. No price was disclosed, and the receivers are looking for buyers for the remainder of Geon's New Zealand businesses by...

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