US paper and packaging giant Appleton is looking to sell off its UK BemroseBooth operation, with the future of more than 600 staff in the balance.
The company justified its decision by saying that the Derby-based firm, which it acquired in December 2003, "no longer complements Appleton's long-term strategic direction".
Appleton has employed William Blair & Company to handle the sale.
BemroseBooth generated around £57m in 2006, 10% of Appleton's revenues, and represents around 20% of its workforce.
The company produces security-printed vouchers and payment cards, variable-data printed labelling and promo items such as calendars, as well as print management services.
BemroseBooth also has operations in Hull and Teesside.
Source: printweek
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