The firm will target the kit at finishing divisions of book, magazine and cataloguing firms, said Kolbus managing director Robert Flather.
"The deal allows us to complete our finishing package of products and is a brilliant strategic move," he said. "Up to now we specialised in binding gear, but not end-of-line kit for packing."
The gear was very suited to wrapping books on a Ratiobinder line or inserting and bagging magazines on the back of a Publica binding line, he said.
CMC Machinery already has UK subsidiaries selling kit in other areas such as direct mail. The Daily Mail uses its polybagging equipment for its supplements.
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"Well done Tom & Co! Great to see you carrying on investing and look forward to seeing the new press when it is in. Thanks for all the work you do for us- always appreciated, Bilty"
"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
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