Unmade Index: Ive gains on the back of acquisitions and Dominos contract
The silver lining in today’s somewhat dreary Unmade Index was a rally at “diversified marketing company” Ive on the back of some handy acquisitions.
Ive was up 2.51% following the announcement of its purchase of Brisbane print business Impressu, an associated long-term contract with Dominos (who it bought the printers from), and the separate purchase of a small mailing company BMS (Budget Mail Services).
The six-year (plus two optional years) Dominos deal expands an existing contract held by Impressu for marketing services, and will also cover content, creative, events, activations, and uniforms. It’s expected to generate over $80m over the course of the deal.
Ive is a curious beast on the Unmade index — a print and distribution powerhouse that has significantly diversified — and that continues to grow its market cap (currently over $440m).
In other movements, Seven West Media was also up (+2.19%), while SCA (-2.37%), Pureprofile (-2.08%) and Motio (-1,72%) lost ground.
