Icon, which was crowned PrintWeek's Creative Repro Company of the Year in 2005, will be incorporated into the group's pre-press division, which includes Wyndeham Argent and Wyndeham Graphics.
"The UK industry will benefit from increased consolidation, and Icon is a growing and well-respected business with the opportunity to develop greater synergies with Wyndeham's existing pre-press division," said Wyndeham chief executive Paul Utting.
Following Wyndeham's move to acquire Graphic Facilities in March 2004, Icon was one of the few independent repro houses left. Its clients include IPC for which it handles NME, Uncut and Uncut DVD; Time Out and Centaur.
Joint managing directors Paul Steggle and Mark Bauer will remain at Wyndeham Pre-Press as executive directors.
"We believe that Icon and our customers will benefit from being part of a large pre-press and print group," said Steggle.
Wyndeham paid an initial consideration of 2m, with a deferred payment of up to 1.8m, dependent on performance in 2006 and 2007. The initial 2m was made up of 1.3m in cash and 524,348 shares.
Wyndeham's shares rose 1.5p to 1.27 following the acquisition.
Have your say in the Printweek Poll
Related stories
Latest comments
"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
Up next...
Andrew Whyte takes reins
MBO at LT Print Group ensures smooth transition
Educational day in Yorkshire
Northern Stationers see historic print and more in York
Supporting growth in new and existing markets
WTTB backs digital intentions with new e-commerce specialist
Investment in e-commerce fulfilment