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.
Walstead Group Limited, headquartered in London, is the largest independent commercial web offset printing business in Europe with pro forma revenues of approximately €730 million. Founded in 2008, Walstead has completed 10 acquisitions in and employs 4,400 staff at 19 production facilities in the UK, Spain, Austria, the Czech Republic, and Slovenia. The group operates 67 web offset and four gravure printing presses that produced over 500 billion A4 pages using 900,000 tonnes of paper in 2017. Walstead specialises in printing high volume advertising flyers and leaflets, magazines, catalogues, supplements and brochures for over 4,800 retailers, publishers and brand owners in 38 countries.