December 2023

Restructures, M&A and job losses dominate year end

Most read stories of December 2023

While it wasn’t all bad news, festive cheer was in short supply in December’s listicle and the ramifications of some of the biggest stories are likely to be felt well into 2024.

1 Communisis in admin, parts of business sold 7,628 clicks
Communisis has gone into administration with parts of the business immediately sold to a new owner, but more than half its workforce has been laid off.

2 Works Manchester latest victim of PFI Group debacle 4,354 clicks
PFI Group’s disastrous acquisition spree under CEO Darren McMurray has now culminated in the filing of a Notice of Intention to Appoint Administrators against Works Manchester.

3 Works Manchester shuttered, 90 staff laid off 2,932 clicks
Employees at Works Manchester have been sent home, with the future for the business unclear.

4 Printomedia and Print Promotions burnt to ground in Leicester blaze 2,931 clicks
Two Leicester printers’ production sites burned to the ground over the weekend, with demolition of remaining structural elements scheduled for later today (4 December).

5 Communisis in talks over potential sale 2,569 clicks
Communisis has confirmed it is in advanced talks with a number of potential buyers, as its US parent company enters Chapter 11 bankruptcy protection for the second time in 14 months.

6 Precision Proco splits tech and production with eye on the future 2,193 clicks
Precision Proco Group has restructured into two parts with manufacturing now separate from its fast-growing tech operations.

7 People moves at Walstead 2,090 clicks
People moves at Walstead UK have resulted in two of its plants being under new management.

8 Muller Martini and Hunkeler in mega-merger 1,653 clicks
Muller Martini has taken over Hunkeler in a post-press mega-merger.

9 Brown Knight and Truscott confirms BLP takeover 1,641 clicks
Brown Knight and Truscott Holdings (BKT) has expanded into the North East with the acquisition of BLP (Northern).

10 ESP buys Goldcrest Group 1,485 clicks
Swindon-based Handel Group, parent company to ESP Colour, has acquired the three companies of Goldcrest Group, doubling its digital business and adding wide-format and label printing to its roster.