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4 days ago | 
printweek.com | Jo Francis
The original deadline of 27 April was initially put back to 30 April. In a filing earlier this week, court approval was granted to further extend the Chapter 10 bankruptcy protection and rehabilitation process until 30 June. Temporary trustees Ronen Matry and Omer Serviansky said the plan to continue to operate the Highcon business with a reduced staff of 20 was proceeding as planned.
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5 days ago | 
printweek.com | Jo Francis
As at 1pm on 30 April, EP UK Bidco backed by Czech billionaire Daniel Křetínský, had received just over 767.2m acceptances, representing 80.06% of the issued share capital of IDS. Křetínský, the founder and chairman of EP, said he was delighted to have secured the overwhelming support of IDS' shareholders for the £3.6bn, 370p-a-share offer.
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6 days ago | 
printweek.com | Jo Francis
The owners of the Hoyland, near Barnsley trade finishing business announced plans to retire earlier this year, with its indexing machines including two Durrer Rega 5 automated models, put up for sale. “There were three or four UK companies that were interested in the equipment, but for various reasons couldn’t commit. It’s a shame, really,” Lee McCormack told Printweek. “No one was willing to take a punt on it at the moment unfortunately.
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1 week ago | 
printweek.com | Jo Francis
The Belgium-headquartered manufacturer described the new Jeti Tauro H3300 XUHS printer as “the fastest and most versatile hybrid press” in its lineup, able to handle flexible and rigid materials. Top speed is 1,280sqm/hr, and the Jeti Tauro H3300 is designed to run 24/7. The new Onset, the Panthera FB3216, now boasts LED curing. Agfa cited minimal energy usage and high gloss levels on the flatbed, which also features a raft of automation options.
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1 week ago | 
printweek.com | Jo Francis
In an update regarding the financial year ended 31 March, the Japanese manufacturer said that revenue had been revised downward by ¥9bn (£47.2m) to ¥1,125bn, while business contribution profit was revised upward by ¥1bn yen to ¥43bn, “due to the favourable performance of Business Technologies Business”. The expected operating loss increased by ¥39bn to ¥53bn due to a number of one-off charges.
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1 week ago | 
printweek.com | Jo Francis
The £1.2m investment at the Nottingham firm also included an AccurioPress C12000e toner production printer, which joins an existing C14000 model that was Eight Group’s first Konica Minolta digital device, two years ago. Eight Group is also using KM’s AccurioPro Flux Premium and AccurioPro Dashboard workflow software. A new mezzanine floor is also part of the investment, and has created substantial additional space for tasks such as hand fulfilment.
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2 weeks ago | 
printweek.com | Jo Francis
The news follows a bizarre series of events, with the future for the Elvington site unclear since last summer when an issue arose with the gas and electricity supplies for the Hanger Two unit formerly occupied by York Mailing. Walstead had previously given up its occupation of sister unit Hanger One in August 2023. Linda Boyes subsequently took over Hanger One for her new web offset venture York Media, and Hanger One housed the master meters for power and gas.
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3 weeks ago | 
printweek.com | Jo Francis
Parent company The Printed Group appointed Rob Haycock as CEO earlier this month. He joined from outside the industry as COO in December and has worked at a number of private equity backed businesses, most recently as CEO of cycling and leisure distribution business ZyroFisher. He began his career in corporate finance at KPMG. Former commercial director Simon Dunn, who has worked at Printed.com for nearly a decade, stepped up to become managing director this month.
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3 weeks ago | 
printweek.com | Jo Francis
Temporary trustees Ronen Matry and Omer Serviansky, appointed earlier this week, have now launched a formal sale process with an open invitation to submit offers for the Israel-headquartered company, its assets, or to invest in the business. An online data room has been established containing information about Highcon and its main assets. Access is available until 27 April subject to the signing of a non-disclosure agreement and a non-refundable payment of NIS1,000 (£206).
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3 weeks ago | 
printweek.com | Jo Francis
Ofcom published its proposed changes to Royal Mail’s Universal Service Obligations (USO) at the end of January, with the consultation period closing at 5pm tomorrow. In its formal response published today (9 April), Royal Mail said it was concerned that “key changes by Ofcom to Royal Mail’s proposed reforms will not deliver the efficient, reliable and financially sustainable Universal Service that customers need”.
