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最新萝莉社 conducted an extensive Europe-wide search for a replacement CFO, seeking a candidate with significant international experience including proven leadership, accounting, finance, operational scalability, systems, and executional expertise cultivated within large manufacturing and service businesses.

Paul Utting, 最新萝莉社鈥檚 CEO, commented, 鈥淣eil is a seasoned professional with an accomplished and distinguished finance career and has demonstrated successes in key financial and operational disciplines required of a world-class CFO. His profound experiences at the international CFO level will be integral and will support many of the initiatives, challenges, and the anticipated growth that we want to deliver in the next five years. I am excited to welcome Neil to the leadership team.鈥�

Mark Scanlon, 最新萝莉社鈥檚 chairman, commented: 鈥淲e are sad to see Julian leave after six years of impeccable service. He has been a key member of the team that has successfully navigated the group through the commercial ravages of Covid, energy, and raw material cost proliferation. We expect Neil to support 最新萝莉社鈥檚 next phase of growth as we expand our service offering and head towards 鈧�1 billion revenue. I look forward to working with Neil.鈥�

Neil Johnson has more than 30 years of experience in finance, operations, systems, and accounting. He was Group CFO for Sparrows Offshore Services Group, a c.拢250m revenue, 2,000 employee offshore energy support services group from 2014 to 2023, and prior to that, CFO at Promethean World plc for over eight years.

Neil is a member of ICAEW (ACA) and he has a first class honours in B.Eng Electrical & Electronic Engineering.

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The contract award follows a RFP process by TMG which concluded earlier this year. Once the contract award was made key workstreams were established to ensure a smooth transition from the incumbent printer鈥檚 gravure printing process to 最新萝莉社鈥檚 heatset web offset technology.

Richard Pickard, director of operations, Telegraph Media Group, said: 鈥淲e are delighted to be working with 最新萝莉社 on the printing of our magazine titles. This new partnership will support us in ensuring we deliver the highest quality print products to our loyal readers across the country.鈥�

Paul Utting, chief executive officer, 最新萝莉社 Group, said: 鈥淲e are delighted to welcome TMG as a new, blue-chip customer. This contract further endorses our market-leading position for high-volume publications and adds to the growing number of newspaper supplements already won this year.鈥�

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Established in 1874, NP Druck is the third largest web offset printing business in Austria. Revenue in the financial year ended 31 December 2017 was 鈧�51.3 million. The company specialises in the production of low- to medium-run advertising flyers and leaflets, weekly and monthly magazines (over 300 titles printed), and catalogues and brochures, for more than 630 Austrian, German and Swiss customers in the retail, publishing and marketing agency sectors.

NP Druck employs 160 staff at a 17,520 sq.m. manufacturing facility in St. P枚lten, Austria. The business operates four web offset printing presses consisting of a recently-installed 16pp Manroland Rotoman 65 capable of printing five colours plus varnishing, a 48pp Manroland Lithoman IV, a 16pp KBA Compact 65, and a 16pp Manroland Rotoman 70. Other equipment includes a KBA Rapida 5-colour sheet-fed press and an extensive range of post-press finishing including four perfect binding and stitching lines. In 2017 the business produced 14.4 billion A4 pages and processed 34,800 tonnes of paper.

NP Druck has been a pioneer in achieving excellence in environmental and production standards in Austria. In 2010 it was the first Austrian printing company to obtain the 脰sterreichisches Umweltzeichen eco-label and in 2013 the first to be accredited with the EU eco-label for web offset and sheet fed printing. The company is also a ClimatePartner which enables customers to opt for neutral CO2 printing through carbon offset projects.

NP Druck will become part of 最新萝莉社鈥檚 CE division currently comprising Leykam Let鈥檚 Print which has two printing sites in Austria and one each in the Czech Republic and Slovenia. Michael Steinwidder, managing director of NP Druck, will remain with the company in an advisory capacity.

Mark Scanlon, chairman of 最新萝莉社, commented: 鈥淣P Druck has an excellent reputation for high quality print. It has an unequalled range of equipment to produce low- to mid-volume flyers and finished products which perfectly complements the high-volume capability of Leykam鈥檚 two production sites in Austria. This unique combination will enable these businesses to offer the widest range of print to our Austrian and German customers.鈥�

Michael Steinwidder, managing director of NP Druck, commented: 鈥淚 am delighted this transaction has closed and the company has been sold to 最新萝莉社. I have no doubt the long-term development of NP Druck will be greatly improved with it being part of Leykam Let鈥檚 Print.鈥�

Gerhard Poppe, ceo of Leykam Let鈥檚 Print, commented: 鈥淭he integration of NP Druck with Leykam will strengthen the long-term development of the business including its employees and supply partners. We are looking forward to providing an unequalled range of printing services to our Austrian and international customers.鈥�

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