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GLOBAL NEWS

De La Rue delivers Pre-press and proofing
IN BRIEF

turnaround machine firm JM Heaford
has brought on board Tim
Paul as sales director, in a
newly-created role.
Having joined the firm on
De La Rue appears to have £338m, the highest level in at 2 December from Domino,
where he served as global
turned the tide on a difficult least five years. account director, Paul will
few years with a return to “We have made substantial focus on driving growth
profit in H1, and the strong- progress in 2024 both opera- and reinforcing the company’s position within the industry.
“I’ve had a fantastic welcome here at Heaford, it’s a great
est order book it has seen in tionally and strategically,” environment to work in,” he told Printweek. “Heaford has
at least five years, despite a Despite a drop in revenues Vacher said, adding that been very successful for 40 years, and it was founded by
short-term slip in revenues. family and is still family-owned. I’d like to make a signifi-
cant contribution to making sure they’re successful for the
The group, which has been to 105p at the time of writing October’s agreed sale of the next 40. It’s a little bit of a different market than the one I
struggling with a slump in – the company has now company’s Authentication came from, but I’m embracing the challenge – I’m sure
there will be many synergies, coming from a more digital
demand for cash following appeared to stabilise with an division to US giant Crane world.” Paul added that there were plenty of opportunities
adjusted operating profit of
the pandemic, today (12 NXT for £300m had put the in the market.
December) posted H1 £7.3m on 2024’s H1 profit of company in a much stronger McLaren Packaging has
results, to 20 September £7.9m, ahead of guidance. position. entered into a new joint
2024, that show “firm foun- On an IFRS basis, the com- “Completion of the venture with VPK Packaging
dations” for growth, accord- pany has now returned to Authentication sale will UK & Ireland, part of the
family-owned Belgian VPK
ing to Clive Vacher, the profit, and is up to £1.3m allow us to repay both our Group, to take on the
group’s CEO. from H1 2024’s loss of Scottish corrugated market.
Despite a 16% tumble in £3.4m. existing banking facilities in The new company, to be
called McLaren Corrugate
currency printing revenues More promisingly for the full and materially reduce the Ltd., will be formed from a
year-on-year, to £94.9m – firm, however, is its growing remaining deficit on our leg- 50/50 split combination of
McLaren’s corrugate factory in Port Glasgow and VPK’s East
itself the cause of a five-point order book, swollen by “sig- acy defined benefit pension Kilbride sheet factory, which it acquired in 2021. Announced
slip on the London exchange nificant orders” in Q3 to scheme,” he said. earlier this week, the joint venture will be led by a man-
agement team from McLaren, which will have operational
Formara wins sustainability award control of the new business. Donald McLaren, McLaren
Packaging managing director, said: “We are delighted to
establish a new joint venture focused on corrugated pack-
Formara Print & Shinohara 74V five-colour essential for the future of our aging with VPK’s East Kilbride site.”
Marketing has won a sustain- press. industry.” said Andy Pond, Media Concierge’s takeover
ability award from the “Winning the 2024 managing director at of National World has
national Business Awards Corporate Sustainability Formara Print & Marketing. moved a step closer after
UK, revealed on 5 December. Award is a testament to our Speaking to Printweek, he the respective boards of
both companies reached
The Southend-on-Sea team’s dedication to reduc- added: “It’s nice to be recog- agreement on the all-cash
commercial print and mar- ing our environmental deal. Media Concierge
keting firm won the accolade impact while delivering nised for trying to make a dif- Holdings has also set up a
for its sustainable packaging, exceptional value to our cli- ference. We’re trying to n e w c o , Ne o M e d i a
specifically the firm’s ents. This achievement make sustainability a core Publishing, which is the entity that will acquire National
World.The 23.00p per share deal represents a 55.6%
unbleached board business underscores our belief that part of the business moving increase on National World’s average share price in the six
card box, printed on a sustainable practices are forward.” months prior to the original offer made on 22 November. It
values National World’s issued, and to be issued, share
Love Paper Week by Two Sides capital at £65.1m, or an enterprise value of around £52.1m
taking into account £13m of cash on National World’s bal-
ance sheet. The statutory EBITDA multiple for National
Two Sides initiative Love their clients, customers and World’s 12 month period is 8.7x.
Paper is launching a new consumers more widely Compass Business Finance has appointed Katie Dowse as a
week-long event to encour- about why paper is such a finance specialist for the print sector. Dowse has started at
age the industry to collec- sustainable, effective and the Tonbridge-based business this month to provide
tively champion paper and attractive medium. enhanced support to suppliers and customers within the
sustainability to consumers To promote it, there will industry. The company’s core speciality is asset-based
finance services for the print, packaging and engineering
and businesses. Love Paper sectors. With more than 35 years’ experience, Dowse has
Week will run from 3-7 be simple assets and joined Compass from Asset Advantage, prior to which she
February 2025 and Two Love Paper Week in February resources, communicated also ran her own general asset finance business for 11 years.
Sides said it encouraged all widely, for the industry to The new hire follows a wave of other new appointments
printers, paper merchants, within the sector to support use through social media and promotions announced by Compass a few weeks ago.
The business said all are intended to enhance the compa-
packaging manufacturers the initiative and use the and other individual com- ny’s offering.
and others who operate materials available to inform pany communications.
www.printweekmena.com January 2025 PrintWeek MENA 39