Griffin Press signs $56M deal

Griffin has signed a four-year contract with Penguin Random House, worth $54m, extending its current agreement with the global publisher.

The deal covers popular hardcover and paperback books by leading authors including Dan Brown, Tim Winton, Fiona McIntosh, Leigh Sales, Lee Childs and James Patterson.

As part of the media, marketing and printing group PMP Limited, Griffin Press has extended its printing capabilities and integrated more closely with its parent company to become a holistic solution for its customers.

Adrian O’Connor, CEO, Print & Distribution, PMP Australia, says, “It’s a really exciting time for both Griffin and the wider PMP group, as we broaden our services to reflect changing industry demands, expanding print-on-demand and support clients in their quest to turn audiences into customers.

“We have forged a strong relationship with Penguin Random House that stretches back 25 years, and we are delighted that we have not only renewed but expanded the terms of our partnership. The publishing industry has changed rapidly over the last years, and PMP’s investments over the past two years have helped Griffin develop the capabilities and capacity needed to provide the solutions Penguin Random House was looking for.”

Griffin now facilitates specialised digital printing, print on demand, high-speed inkjet and conventional web offset printing, having installed what was the world's most advanced book printing line in 2016, featuring HP, and Kolbus technology.

The company can print a one book at up to 500,000 copies per print run, while also catering for specialised embellishments.

Gavin Schwarcz, director, Sales & Operations, Penguin Random House, says, “We continue to be impressed with Griffin’s commitment to innovation and agile approach to printing, given the ever-changing environment. We believe it is important to partner with a company that is focused on setting up strong foundations for future success. In light of this we are really pleased to continue working with Griffin and getting the best new books into the hands of Australian readers.”

Source: Australian Printer