Paragon Customer Communications has announced the acquisition of Leeds-based print and direct mail specialist The Lettershop Group (TLG), following the collapse of TLG’s parent YM Group. TLG and its 142 UK-based employees will now become part of Paragon Customer Communications UK, Ireland and Luxembourg.

The strategic acquisition forms part of Paragon’s ongoing growth plan, which the company says will augment its ‘strong organic growth performance and its capabilities, talent and market share’. The deal will extend Paragon’s direct mail and packaging portfolios and broaden its range of solutions. Paragon believes TLG offers great potential for future growth due to its strong client base and dedicated staff.

John Rogers, executive director, corporate development, Paragon Group, said, ‘Paragon is committed to its acquisition-led growth strategy. Incorporating TLG will provide us with the opportunity to continue our growth trajectory and offer increasingly innovative solutions to our customers in a market that remains fragmented.’

Jeremy Walters, CEO of Paragon Customer Communications UK, Ireland and Luxembourg, added, ‘We are delighted to welcome TLG and our new colleagues to Paragon. Its industry knowledge, expertise and dedication to its customers will help to strengthen our position within an evolving market, and we are thrilled to begin working with its 142 committed staff members.’