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Business

Walstead to close oldest sheetfed operation

Walstead Group has announced it will be closing its oldest UK sheetfed printing operation amid difficult trading conditions.

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Roy Kingston, Walstead Group’s chief operating officer

Walstead Grange has traded under the old Wyndeham name for almost 32 years and is the last remaining business that the Wyndham Group was originally founded around. 

Roy Kingston, Walstead Group chief operating officer, comments: “This is a regrettable announcement for a company that has served the market well with a dedicated and loyal workforce.

“However, it is a reflection of the market conditions and we have to consolidate by using our most modern facilities with which will be able to service all existing Grange customers without increasing capacity or overheads.”

This is a regrettable announcement for a company that has served the market well

What the Group calls ‘a prominent player’ in the sheetfed market during the 80s and 90s, Walstead Grange has since struggled to maintain its success in the sector and cited the rising price of consumables and commercial property rents as having a detrimental effect on the business. 

The Group said it wants to keep its presence in the UK sheetfed market, citing its web offset factory in Roche, Cornwall, which has two fully equipped high speed machines, as well as varnishing, cutting, folding, mailing and hand work.

Walstead Grange entered into a 30-day consultation yesterday (February 6th) with the first meetings with its 59 employees planned for next week.

The Walstead Group is headquartered in London and employs 4,400 staff at 19 facilities in the UK, Spain, Austria, Czech Republic, Slovenia and Poland.

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