Walstead’s acquisition of LSC Communications, Inc.’s European printing business has been completed
LONDON, 1 OCTOBER 2018: Walstead, Europe’s largest independent commercial printing group, announces all conditions and approvals relating to the acquisition of LSC Communications, Inc.’s European printing business based in Poland (“LSC Poland”), which was announced on 19 July 2018, have been met and the transaction completed on 28 September 2018.
LSC Poland specialises in the printing of retail advertising flyers, magazines, catalogues, and in-store point of sale solutions for over 430 customers in 34 countries. Revenue for the year ended 31 December 2017 was €210 million. The business employs over 2,000 staff at six sites in Poland.
Following completion, Walstead will become the largest independent web offset printer of retail advertising flyers and magazines in Europe with pro-forma annual revenues of approximately €730 million. The enlarged group will employ over 4,400 staff operating 67 web offset and four gravure printing presses at 19 production facilities in the UK, Spain, Austria, the Czech Republic, Slovenia, and Poland.
LSC Poland will be rebranded as Walstead CE and operate as a fourth regional division alongside Walstead UK, Walstead Iberia and Leykam Let’s Print.
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