Gravure

Walstead has released its first results detailing how things are shaping up at the now cross-continental group.

European print group CirclePrinters has officially been awarded the contract to print Hello! magazine after the closure of Polestar Sheffield forced the publisher to look for an alternative.

Administrators have brought in £7.45m from selling off Polestar’s businesses and assets so far, but unsecured trade creditors are likely to receive virtually nothing.

A former Polestar executive has stepped in at CirclePrinters as part of a new ownership structure at the continental print group.

Publishing giant Time Inc has agreed a new sole supplier deal for its UK magazines with Wyndeham Group.

Walstead has secured £33m of private equity backing for its acquisition of Leykam Let’s Print.

Workers at Polestar’s Sheffield web offset site have been told the facility will cease operation with immediate effect. Sheffield’s gravure operation is also being wound down, and will stop printing...

A major publishing client of Polestar Sheffield has been told by administrators that the plant will continue printing this weekend and next.

CirclePrinters has filled the sales void caused by the death of Angus Jurkschat by recruiting a senior salesperson from Polestar.

Polestar chief executive Barry Hibbert is no longer with the business.

Speculation is mounting over the future ownership of Polestar’s up-for-sale operations, with a new name now in the frame as a potential buyer.

The future ownership of Polestar’s factories and assets remains up in the air as administrators at PricewaterhouseCoopers (PwC) assess a number of bids for the business.