Print buying

Polestar has refinanced with new credit facilities from Barclays and a £90m senior secured loan from Swedish finance house Proventus Capital Partners.

The domino effect continues to ripple across Paperlinx’s European businesses – the group’s Austrian operation has now followed the UK and Benelux into administration.

Wyndeham Group has closed its Wyndeham Gait factory in Grimsby as part of a wider restructure of its sheetfed and web facilities that will involve significant expansion at one site.

Falkland Press has expanded its post-press facilities with new die-cutting and folding kit.

Premier Paper is taking on at least 30 former Paperlinx employees after agreeing a deal to acquire its reel paper operations.

Administrators at Deloitte have laid off a further 70 employees at the stricken Paperlinx UK operations.

Paperlinx is exiting Europe altogether. Its Benelux operations have been put into administration with the rest of its European operations described as being in a sale or “realisations process”.

Polestar has changed its capital structure in a move that will allow the group to pay its first dividend since its inception in 1998.

One paper manufacturer has already set aside a multimillion-pound provision to cover its likely bad debt with Paperlinx UK.

A restructure of CPI Group’s UK operations has resulted in the departure of two senior executives and two high-profile returnees to the book printer’s revamped management team.

Major merchants and mills are enacting contingency plans as they attempt to minimise disruption after yesterday’s abrupt shutdown of most of Paperlinx UK – although one senior paper executive has...

Outsourcing giant Capita is planning to expand its Document & Information Services business through further acquisitions, while its new Mansfield site has achieved a major milestone.