Clowes targets rivals market

William Clowes new owners plan to muscle in on the book market of Clays, Mackays and Polestar Wheatons following its management buyout.

Executive directors Ian Foyster, David Browne and Peter Milton bought the book printer in Beccles, Suffolk, and enlisted Mike Cross, owner of nearby Micropress Printers, to its board.

"We'll challenge the larger plcs by becoming a credible alternative," said Foyster.

Within eight months, the firm plans to invest 1.5m in new binding machinery for its Muller Martini kit and add an extra 2m to its 10m annual turnover within a year.