$15m print investment: Herald owner buys Stuff assets, to move from Ellerslie plant after more than 50 years

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The first edition of the new 'compact' New Zealand Herald rolls off the press at Ellerslie in 2012. Photo / APN

NZ Herald publisher NZME is acquiring Stuff’s Wellington print-plant assets, and will relocate them to a new Auckland site in a multimillion-dollar move announced today.

The acquisition and relocation - expected to cost up to $15 million - will see NZME vacate its current Ellerslie print plant site by the

Publicly listed NZME announced the deal to the NZX on Friday morning, highlighting major, early cost savings it expected to make as a result of acquiring more efficient print-plant equipment and finding a new, smaller site in the Auckland region.