Celticnet has bought the assets of Elements Cambridge from administrative receiver Grant Thornton for an undisclosed sum.


The Cambridge site went into administrative receivership on 7 December last year and closed on 22 December, leaving its 30 employees redundant.


But last week 15 of the original employees got their jobs back and the firm is still recruiting.


The firm will trade as CLE Print. Elements originally bought CLE's assets in June 2000, and at the beginning of November changed its name to Elements Cambridge (trading as CLE Digital).


"All our customers know us as CLE so we didn't want to confuse them with a third name," said John Souter, former marketing director of the Cambridge plant, who will continue to manage the site.


Celticnet was incorporated on 12 December 2000. Owner Jamie Wardley also owns a number of other companies not associated with the print industry.


"We'd been looking into acquiring print companies for the last 12 months. We looked at the Elements Group but did not want to buy the whole thing," he said.


He added that he would be looking at further acquisition prospects within the industry.


At the end of last year Elements, the UK wing of US print firm Unidigital, went into administrative receivership after reporting losses of 1.2m.


Elements sold three of its sites and closed the rest last month.


Story by Jeremy Allen