Wyndeham Group News > Magazine Division wins major new £50 million contract with Haymarket

Magazine Division wins major new £50 million contract with Haymarket

19th January 2005

Wyndeham Press Group plc, a technology-leader in the UK specialist magazine, commercial literature and direct mail print markets, today announces the award of a significant contract with Haymarket Publishing Group (“Haymarket”) worth £50 million over five years.

Lord Heseltine, Chairman of Haymarket commented:

"This contract with Wyndeham demonstrates once again Haymarket’s commitment to ensuring the highest production quality across our titles which has always been our hallmark. Our relationship with companies now in the Wyndeham Group goes back four decades and we are delighted to be entering into this new phase of partnership.”

Wyndeham has been awarded the printing contract for the bulk of Haymarket’s portfolio of weekly and monthly magazines over the next five years. This extends the number of Haymarket titles Wyndeham prints by 15 from 30 to 45. The new contract will commence from January 2005, with a total value of around £50 million over the five year term and will be managed via a total Group offering spanning four Wyndeham subsidiaries.

The contract will, together with existing contracts, substantially utilise the additional capacity that the new 64 page press, being installed at Wyndeham Heron later in the year, will provide, further demonstrating the sound financial case for Wyndeham to continue investing and improving the capacity and capability of its offering.

Paul Utting, Group Managing Director of Wyndeham, commented:

“We are delighted that Haymarket has consolidated its magazine printing portfolio with Wyndeham as it is a significant vote of confidence in the integrated business model we have created. Long term commitment from our customers enables us to continue our programme of investment in the latest press technology and strengthen our offering.”

This significant contract win follows a successful contract win for Wyndeham with the National Magazine Company in December 2004 to print its magazine titles Cosmo Bride and You and Your Wedding. This contract, which lasts for 3 years, has an annual value of £750,000. Wyndeham is to provide pre-press and print services for the magazines, both of which have print runs of over 100,000 copies, through its integrated Group-wide offering.