The 3,716sqm Print Trade Suppliers site in Accrington specialises in products such as business stationery and forms, peel and reveal and envelope overprinting.
It sits within Paragon’s Print Solutions operation, and is the former Ward Knowles business acquired out of administration by Paragon in 2009.
A Paragon spokesperson told Printweek the firm was experiencing “significant and ongoing challenges in the print trade market”.
In addition, there was also an “urgent need to repair and refurbish the Accrington facility” which would require the business vacating the site for six months.
“Both factors have led us to decide to permanently close the site by the end of December this year,” Paragon explained in a statement.
Dave Reynolds, CEO of Paragon's Customer Communications, Lead Supply and BPO businesses, commented: “This is not a decision we have taken lightly, and it is not in any way a reflection on the hard-working and highly committed employees there.
“As a business, we are always looking to make the best use of our facilities for our clients and wider stakeholders. We must maintain a business capable of long-term sustainable success, and we consider all of these factors when making such decisions.”
The number of employees likely to be affected in Oswaldtwistle was not known at the time of writing.
Print Trade Suppliers employs 110 over two sites – the other being in Castleford.
Separately, the original Lettershop factory in Leeds is currently up for lease via Avison Young.
The ‘Leeds 140’ site close to the M621 at Whitehall Park is just over 13,000sqm with extensive parking, landscaped grounds, and three-phase power.
Paragon said it was constantly looking to achieve the most effective and efficient use of its many facilities across the UK and on the continent.
Some work has moved out of Leeds into other Paragon sites at various times since Paragon acquired Lettershop two years ago.
“The site is still operational and has a committed, hardworking team delivering production from there. The movement of work has created space that could be valuable to another occupier.
“We are therefore approaching the market to see if this space can be let,” the spokesperson explained.
Paragon is part of Grenadier Holdings (formerly named Paragon Group) which has global sales of around €1.6bn (£1.35bn) and 9,500 employees.
