The deal, effective from 30 January, includes the transfer of all CFS's existing print, mail, and fulfilment processes to Communisis' facilities in Trafford Wharf, Manchester, and its Centre of Excellence in Speke, Liverpool.
The majority of the billing and statement printing will take place at Speke with direct mail handled at Trafford Wharf.
Nineteen CFS employees have transferred to Communisis in a tupe agreement.
Communisis managing director Alistair Blaxill said the contract was "further evidence that clients trust us to deliver their business-critical communications by handling their entire business process".
CFS public relations manager Duncan Bowker told printweek.com: "When we looked at the size of the operation and saw what Communisis could do, they simply had the infrastructure that could handle the work."
Communisis will run the work on kit that includes digital Océ VarioStream printers and Buhrs enclosing and inserting lines.
Have your say in the Printweek Poll
Related stories
Latest comments
"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
"So much for growth then!"
Up next...

Six months after Charlesworth deal
TJ Books looks to appoint admins

Current timeframes are insufficient
Election print and postal pressures highlighted in AEA report

"Significant milestone"
Riso celebrates 20 years of inkjet

Strengthens existing product portfolio