Formpro, the Bristol-based direct mail house, has bought the high-volume production operation, based in Swindon.
TripleArc will retain the other half of Stream, which offers low-volume direct mail and database management. It will become part of Access Plus Marketing Logistics.
Chief executive Jason Cromack said TripleArc made the move because of tough conditions in the direct mail market. He said the firm was not prepared to invest heavily in new equipment. TripleArc bought Stream in January last year from HFS in an8.64m deal.
The terms of the deal included an "earn-out" element of up to 8m, depending on the performance of the business to December 2006. The earn-out has now been settled early.
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Revenue up to £3.2m, profits quadupled
Footprint picks up pace of acquisition strategy with Swindon’s C3
Controversy emerges over relationship with potential suitor
National World shares soar on takeover approach
24/7 access for customers
Bakergoodchild launches new SaaS platform
Strategic move for global growth