Communisis has acquired the British statement production business of HSBC, for GBP 3 million.

The company has also signed a 10-year, GBP 250 million contract to provide HSBC with document-based customer communication material. The unit will be responsible for the production and dispatch of a major portion of HSBC's UK paper-based customer communications, including statements. As a result of the deal, about 255 employees of HSBC will be transferred to Communisis