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.
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"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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