Affiliate of Sun European Partners acquires Polestar UK
Tuesday, April 19, 2011
Press release from the issuing company
London, UK - Sun European Partners, LLP, the European adviser to Sun Capital Partners, Inc., announces that one of its affiliates has acquired Polestar UK Print Ltd, the market leading publications printer.
Polestar is one of the UK's leading printers with strong gravure and web offset capabilities. It produces a majority of UK newspaper colour supplements and 23 of the UK's top 40 magazines, including Hello, Cosmopolitan, Top Gear, Grazia, and Country Life. It prints in excess of 40 million magazines every week. Polestar is also the leading publications printer for catalogues and brochures for the consumer, retail and travel sectors.
Barry Hibbert, Chief Executive of Polestar said: "This transaction represents a significant step forward for Polestar as it will provide further investment and partnership with an organisation that has extensive experience in supporting market leading companies. Polestar remains the outstanding publications printer in the UK market consistently delivering an excellent product to its customers. The management team is especially excited at the prospect of working with Sun European Partners to deliver our growth strategy."
Benjamin Buerstedde, Vice President of Sun European Partners said: "Polestar is a company with great heritage and we are excited about this acquisition. Polestar enjoys a leading position among UK publication printers, especially on the time-critical end of the market. We look forward to working with management to further enhance Polestar's reputation as a reliable partner to the UK's leading publishers."
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