Web offset

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

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.

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

KBA has posted operating profit of €14.1m (£10.2m) in its 2014 financial report, although its order intake fell by 5.5%.

Nick Alexander has bought Garnett Dickinson Group, with the exception of its digital operation, returning to the business he left two years ago.

Artisan Press has confirmed the details of its new management structure, alongside a new three-year strategy to take the business forward.

There’s change at the top of Artisan Press with the departure of two long-standing directors at the business.

Polestar’s new 96pp web presses have resulted in an investment dilemma for UPM Caledonian Paper.

William Gibbons joint managing director Mark Gibbons has praised the “superb” response of firefighters and the firm’s employees after a fire destroyed one of the company’s web presses.

Polestar Colchester has become the latest casualty of the group’s consolidation of its web offset facilities.

Polestar Petty will cease printing on 20 December, according to local reports.

An “unprecedented” squeeze on UK web offset capacity could last until Christmas, even though Polestar has now begun printing live jobs on its first 96pp web press.