Print industry news roundup

Stay up to date with your procurement supply chain thanks to print industry news at your fingertips. This week: HSBC backs Pindar; Jobs saved as Character DPM sold; Walstead completes St Ives Web buy; Paragon posts results; Printondemand-worldwide makes Oce buy.

HSBC's confidence in Pindar leads to £13m debt facility
Pindar has secured additional backing from HSBC as the group charts a course towards "consistent group-wide profitability".

111 jobs saved as Character DPM is sold from administration
More than 100 jobs have been saved after Merseyside-based Character DPM was sold out of administration to security print manufacturer Magnadata Group.

Walstead completes acquisition of St Ives Web
Wyndeham Press Group-owner Walstead Investments has completed its £20m acquisition of St Ives Web.

Paragon Group UK slips to £400,000 loss, Black moves on
Paragon Group UK slipped to a £400,000 net loss in the year to 30 June 2010, compared with a £1.2m profit a year earlier, according to accounts filed and in a separate move parted company with its group marketing and sales director.

Printondemand-worldwide invests in brace of Océ VarioPrint machines
Printondemand-worldwide has toasted its investment in a brace of new Océ VarioPrint machines, a 6320 and a 6250, by being awarded the Océ UK award for innovation in digital book printing.