Precision Printing acquires stake in First 2 Print
Precision Printing has taken a controlling stake in Sunderland-based First 2 Print and has become a partner in a "major new product launch" planned for early 2015.
The next six months will include a 100 per cent expansion of First 2 Print's Sunderland site to 14,000 sq ft and major investments into equipment
The company runs online brands WhereTheTradeBuys.com and YourWalls.com which will cotinine to trade as normal. It will trade under Precision's refreshed brand for any offline business.
WhereTheTradeBuys.com is relaunching with an expanded product range and there will be a new product launch early next year.
The executive team at First 2 Print will remain in place led by Martyn Young, managing director, and operations director Donna Young who will work to deliver the "aggressive business plan" for both the online and offline businesses out of the Sunderland site.
Martyn Young said: "We have achieved a great deal in recent years but this deal will provide the product range, resources and support for significant growth and to secure significant market share.
"2015 is going to be a busy year."