St Ives offloads print management business for £9.5m

St Ives has offloaded its print management business to Paragon Customer Communications Limited for £9.5m.
The sale price was based on the enterprise value of the business at £11m, and was paid in full in cash, according to the announcement, which will be used to reduce the group’s debt.
As a result of the disposal, the group has said that it now intends to focus entirely on its strategic marketing business and continue its long-term growth strategy.
"The disposal of SIMS, our l