Walstead has announced that it has signed a definitive agreement to acquire LSC Communications Inc’s European printing business based in Poland.
Established in 1994 LSC Poland is the seventh largest web offset printer in Europe and reported revenue for the year end 31 December 2017 of EUR200 million. It specialises in retail advertising flyers, magazines, catalogues and point of sale materials for 430 customers in 34 countries. The business will be rebranded and its chief executive Grzegorz Czech will remain with the company.
Following completion, subject to regulatory approval, Walstead’s enlarged group will have annual revenues exceeding EUR730 million and employ over 4400 staff.
Mark Scanlon, chairman of Walstead, commented: “This is another transformational deal for us. The combination of Walstead and LSC Poland creates a business with unmatched geographical reach and production resource to support Europe’s largest retailers, catalogue and magazine publishers, and brand owners.”
Share