Haven Secures Grant to Bring Finishing In-House in Pembrokeshire |
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| 16.06.2005 |
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Colourprint UK has secured a grant from the Welsh Assembly to fund a re-investment in finishing for Haven Colourprint UK, the Pembrokeshire company it bought out of receivership last year.
With this funding Haven will be able to take delivery of a six-station Heidelberg Stitchmaster ST 400 and a Stahlfolder KH 82. The company had a new POLAR Flowline in place when it was bought.
Karl Long, Managing Director of Colourprint UK, says: “Haven was having to send finishing work across to Bristol which was costing time and money. By equipping them they will be able to handle work in house and provide Colourprint with a finishing service as well.”
Colourprint UK in Cardiff is equipped with a Speedmaster CD 102-5LX and a Speedmaster CD 74-6LX, Haven with a four-colour 2:2 perfecting Speedmaster SM 74 so the company can offer clients two, four, five and six-colour printing.
Colourprint UK is strong in the financial markets and has an enviable client list including Orange Communications, BMW Cars, The Environment Agency, Saatchi & Saatchi, Volkswagen and Williams Lea. Haven handles work from a wide geographical spread (even Ireland, Jersey and the Isle of Man) but most work is from West Wales.
The combined turnovers, £4-5 million for Colourprint and £1.5 million for Haven, means that Mr Long has achieved the expansion he believed the acquisition would bring and the synergy will allow it to grow further. Each company will retain its independent identity.
“I am going to be looking hard at the Speedmaster XL 105 next. We were among the first to have a new version CD 74-6LX and it is the best bit of kit we have had. It does what it says on the tin. Next we will replace the
CD 102 and an XL 105 would be a natural progression,” says Mr Long.
June 2005
For further information please contact:
Diana Thompson, Plus Point PR Ltd, on 01494 817178
or
Irene Duffy, Heidelberg UK, on 020 8490 3500
or
Karl Long, Colourprint UK, on 029 2046 5550
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