05 May 2022 Walstead Seals Deal for YM Web Assets
The Walstead Group has acquired the majority of the assets of YM Group’s web offset business.
In a statement, chairman, Mark Scanlon said: “On 4 May 2022 Walstead Group acquired all the production assets of the insolvent YM Group companies at Scarborough and York and certain equipment a the Wakefield site. The presses will be used primarily at Walstead’s existing plants across Europe with some finishing equipment being utilised in the UK.”
Scanlon continued: “We will consider the possibility of operating some equipment at one of these sites if there is sufficient demand from customers. The task now is to understand the market requirements for future volumes which cannot be produced in Walstead’s other UK facilities and whether any surplus would justify restarting additional capacity.”
For the full story click here.