Page 4 - Walstead Group News Today

Walstead Group has sealed a deal to print the Telegraph’s weekend supplements with production set to switch later this month.

Walstead has enlisted the help of former YM Group chief operating officer Mike Newbould Junior to help pinpoint customers looking for future print supply options after YM’s web division collapsed.

The Walstead Group has acquired “the majority” of the assets of YM Group’s web offset business.

Walstead’s deal to buy at least seven web offset presses from the collapsed YM web division has resulted in feverish industry speculation about what happens next.

Walstead Group has acquired most of the assets of YM Group’s shuttered web offset businesses in administration – and could reboot one of the factories if customer support makes it viable.

It’s a crucial week for future web offset capacity in the UK as the deadline looms for bids on YM Group’s former web offset sites and assets.

The fallout from the abrupt closure of YM Group’s three web offset sites continues, with some weekly titles running late and all eyes on the Daily Mail’s first in-house production of its Weekend supplement this Saturday.

DMG Media has started printing Weekend in-house after the collapse of YM Group’s web division forced the media group to pull forward its plans to produce the title on its own presses.

YM Group has assured employees that they will be paid this month, as the deadline looms in the fast-track sale process of its web offset sites.

BREAKING: The future ownership – and structure – of YM Group is up in the air with a fast-track sale process underway and the potential that administrators could be appointed at three of its sites.