Oldham-based GTEC had a turnover of £2.5m and primarily served print management companies.
“I was offered a range of machinery from the liquidator, which I purchased, and I offered some of the staff some jobs,” said Barry Pearson, managing director of Doncaster-based Expert Print.
Expert Print purchased a range of GTEC’s finishing kit including a large Screen CTP device, an MBO B30 folder, a Stahlfolder, a Polar 115 guillotine and a Heidelberg Cylinder.
The business also took on 10 of GTEC’s 25 staff, including sales staff and press minders, along with its ledger. Pearson said he has retained 90% of the firm’s customers.
The press operators from GTEC will move across to work in Doncaster while the office staff will operate in a new Expert Print office based in Oldham. Expert Print did not buy GTEC’s premises, which have now closed.
Expert Print has also opened a new additional 557sqm leased unit in Doncaster in the past few weeks. The business now has more than 1,858sqm space between its units in total and Pearson said the firm is next planning to build a new 3,716sqm factory in Doncaster after Christmas.
Furthermore, in the past few weeks the business has bought additional machinery including a secondhand eight-colour Heidelberg Speedmaster CD 102 B1 press from Leeds-based reseller White Horse Machinery and a Palamides Delta 703 fully automatic stacking and banding delivery system from Wakefield-based reseller Grafitec.
Pearson said the latest round of investment over the course of the past few weeks, which has topped £1m in total, has opened the company up to new opportunities.
“We can do die-cutting in-house now, which we never used to do, and long perfecting work which makes us double the amount of margin,” said Pearson.
In recent months the business has also bought a Speedmaster XL 75 B2 press and a range of finishing kit including a Horizon SPF/FC-200A stitch-fold-trim line, a Horizon SPF-200L bookletmaker, a Norpak polywrapper and Tharstern MIS.
Expert Print, which was established five years ago, now has 40 staff and is anticipating a turnover of £7m for the current financial year.
The company produces items including brochures, magazines, POS, letterheads, leaflets, flyers, brochures and business stationery for customers including end-users, print management companies, motor dealers and sports clubs.
