APS Group set up a new business, APS PMP, to purchase the assets, goodwill and name from administrator Zolfo Cooper Europe last week. APS PMP was subsequently renamed Philip Myers Press (Holdings).
According to Snelson, APS Group tried to buy the company two years ago, but was unsuccessful.
It tried again three months ago through a share capital purchase, but could not get sufficient backing to complete the deal.
Snelson said: "We couldn't fulfil what we wanted to so we walked away, we tried to rescue it, but couldn't do it. When it went into administration we were interested, we bought it, but it was very close with one other bidder.
"We will allow the management team to continue, but the company will now have our money behind them."
Before the deal was completed, Zolfo Cooper made 28 of the 80 staff redundant. Snelson said that no other redundancies had been made since the purchase.
APS managing directors speaks out after Philip Myers Press acquisition
APS Group managing director Nick Snelson has spoken out following the acquisition of Philip Myers Press, which was completed last Wednesday (16 September).
