An MBO team has acquired Engelmann & Buckham from parent group AH Buckham.
Managing director Michael Henderson led the MBO, along with sales director Bob Westlake and finance director Geoff Lennon.
The trio financed the deal themselves.
"We will retain the Engelmann & Buckham name it goes back an awfully long time," said Henderson. "We plan to continue with the core business and develop into new areas as appropriate."
The business employs 24 and has sales of about 10m. It specialises in print, packaging and plastics machinery, and its agencies include Flexotecnica and Nordmeccanica.
The MBO follows AH Buckhams formation of a separate graphic arts company, Integra International Graphics Machinery, earlier this year (PrintWeek, 20 April).
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"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
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