July 2011

Pindar chairman Andrew Pindar instructed KPMG to find a buyer for the £55.3m turnover business citing unsustainable margins in the web offset sector and a £19.5m hole in its pension scheme… Wyndeham entered consultation with 58 staff at Roche site…

Paragon consults with 35-staff at its Sessions of York after struggling to find a suitable site locally to move the business to… Cross-media specialist Whittle Holdings bought Loewy Group to form 16-subsiduary, £100m turnover group…

Personalised greetings card firm Moonpig bought by PhotoBox for £120m… York Mailing bought Pindar’s web offset division in Scarborough in a pre-pack deal after the group failed to find a buyer and was placed in administration… Williams Lea bought design and production agency Tag Worldwide and separately won a £250m central government print contract…

In the mainstream media the headlines were centred on the phone hacking scandal which resulted in News International closing News of the World. The print run for the final issue was extended to 5m… Wyndeham Heron was hit by a fire which damaged a press, thought to be caused by a roller bearing seizing…

Polestar published its results with the details of its acquisition by Sun European Capital Partners, revealing that the vast majority of the £20m funding directly into the print company was in the form of inter-company loans carrying eye-watering interest rates at up to 20% above LIBOR…