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Polestar has sold its Chantrey printing business in Wakefield out of administration, securing the future of 172 jobs.

Polestar has been sold out of administration by PwC to a new company called Polestar UK Print, securing the future of 2,000 jobs at its Dorset-based printing business.

Polestar is to sell a majority stake in its Bedfordshire-based magazine printing business to Proventus Capital Partners of Sweden, securing the future of up to 2,000 jobs.

Polestar has bought the Goodhead printing group out of administration, securing 518 jobs at BGP in Bicester and Stones in Banbury.

Polestar is to invest £10m in a new print finishing and mailing facility at Polestar Chantry in Wakefield.

Polestar has sold its packaging and label operations to a new company called Boxstar, which will involve the transfer of 350 staff.

Polestar has selected Sheffield as the preferred location to build a £110m 700,000 sq ft printing plant, in order to produce colour magazines, catalogues and newspaper supplements.

Polestar is to close its Polestar Anglia magazine printing business in Diss, Norfolk, and 18 of the 56 staff are expected to relocate to Colchester.

Polestar is planning to build a new gravure printing facility, as part of a £100m investment programme, and sites are being considered in Yorkshire, Derbyshire, Lancashire, Stoke and mainland Europe.

Polestar has acquired the Milton Keynes-based e-commerce division of Httprint, while Httprint's print management service has been sold to management.

Polestar is to recruit up to 100 apprentices over the next three years, with 38 starting immediately across its five UK sites.

Polestar is to invest £16m in the expansion of its Petty printing plant in Leeds over the next three years.

Polestar is recruiting 50 additional staff at its magazine printing operation in Colchester, following a recent £3.4m investment programme.

Polestar, the printing company, is to relocate its head office from central London to an 11,000 sq ft office in Milton Keynes in May.