St Ives Direct has finalised the new site for DisplayCraft after a lengthy search.
The point-of-sale and fulfilment business will move into a new 6,040m2 unit on the Optima Park industrial estate in Crayford, Kent, that was originally built for now-defunct Rival Envelopes.
"This is a bigger factory, a much more efficient space, and the location is good logistically in relation to our other operations at Romford and Edenbridge," said St Ives Direct managing director David McGolpin.
DisplayCraft has sales of about 8m and employs 120. St Ives is investing 6m in acquiring the factory, and plans a 2m spend on a new four-colour screen press and new large-format digital kit.
"It is very much a vote of confidence in what this business can do," McGolpin added.
Have your say in the Printweek Poll
Related stories
Latest comments
"And the Seasons Greetings to you and all of your team at Printweek Towers."
"Thanks for flagging Mark, have fixed.
Could be a subliminal desire to visit Center Parcs, or maybe I started on the sherry a bit too early.
Merry Christmas.
Jo"
"I know it’s Christmas Eve and you all want to be closing up for the holidays. But I am pretty sure that YM Media are at “Elvington” not “Elvedon”."
Up next...
Industry insights
New year predictions: Stuart Rising, Canon UK&I
12 months in the industry
2024 in review: February
Industry insights
New year predictions: Simon Cooper, Solopress
Industry insights