Richard Wells, managing director of the Nottingham-based company, said the Speedmaster CD 74 would replace a four-colour version of the press.
He said: “It gives us more options, more control through the press and prints a bit sharper and on heavier stocks.
“Every four to five years, you have to change to the latest kit available.”
Hickling & Squires’ latest investment is its sixth Heidel-berg press since 2000. The firm also runs an eight-colour CD 74 long perfector, installed in 2005, and a three-year-old 10-colour SM 74 long perfector.
Wells said he expected the £6.4m turnover firm to reach £7m by the end of the financial year, and has two new staff joining the 46-strong team this year.
The firm has also replaced an ageing Muller Martini with a Stitchmaster ST300 for faster running speed and makeready.
Have your say in the Printweek Poll
Related stories
Latest comments
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
"B2 and packaging! I like it already. Best wishes to Peter and the team."
Up next...
All sites remain open
Trio seal Celloglas deal
Reasons currently unclear
The Mailshop files NOI
Free samples for AI tool
Antigro launches ‘Try & Buy’ scheme
Ink sales were up