Carl Bullwright has also taken full ownership of 130-year-old McCorquodale by purchasing the 51% stake formerly held by TPF from administrator KPMG.

The deal, which has secured all 45 jobs across the two businesses, will see the enlarged McCorquodale business move into Reelform's Derby site.

McCorquodale was bought by TPF in May 2005 and moved from its Milton Keynes site to Northampton in August of that year.

Operating from the Derby site, it will continue to trade under both its own and the Reelform name and keep its existing brands.

Bullwright said: "McCorquodale has a long, proud history. I'm very pleased that it's been possible not just to secure the long-term future of the business and brand, but to do so in a way that has saved so many jobs, including all those at Reelform, with whom we've worked closely in the past.

"At McCorquodale, it will be very much business as usual, while the plan over the next 12 months is to extend the Reelform client offering from mainly business forms and continuous print to a more broadly based digital proposition.

"I'd like to thank clients, staff and suppliers for their terrific support. The priority now will be to reward their loyalty by continuing to deliver a quality product at keen prices backed up with a first-class, personal service."

The Print Factory (London) 1991 Ltd went into administration last month, with the BPO division being immediately sold to Office2office in a pre-packed deal.

Joint administrators Allan Graham and David Standish, of KPMG, are still pursuing a sale of the Northampton-based manufacturing arm as a going concern.