The firm, to trade as Prometheus Trade Print from the beginning of next year, is the brainchild of ex-MCI Trade Print shareholder and director Julian Marsh.
Kent-based MCI Trade Print went into administrative receivership in January this year, after suffering from considerable bad debts.
Marsh, who will hold the position of managing director at Prometheus, said the litho print firm would handle everything from business cards to full-colour brochures, with the emphasis on quality and service.
He had decided to come back into the trade after a period out of the industry.
Several print contracts had already been signed with unnamed clients, Marsh said, and several more were in negotiation.
Two presses, a Heidelberg Speedmaster 74 six-colour perfector with coater, and a Speedmaster 52 six-colour perfector will be installed at its sites over Christmas.
Heidelberg Printready PDF workflow and a Topsetter P74 thermal platesetter will also be installed, along with a Tharstern MIS system, two Polar guillotines and a Stahl folder.
So far 12 staff have been recruited, including Brian Hemsley as general manager, who was previously with St Ives Multimedia and East Sussex Press.
Story by Andy Scott
Have your say in the Printweek Poll
Related stories
Latest comments
"Thank you for the opportunity to comment on this Jo, and PrintWeek!
Please feel free to get in touch with the Howden Print Team to arrange your own Free of Charge Cyber Micro-Penetration Test to help..."
"I never quite understand the statements such as "achieved such a positive outcome for this well-established business".
The established business unfortunately failed and no longer exists, a..."
"Genuinely sorry to read this."
Up next...

Commitment, presence and energy will be much missed
Tributes paid to Lascelle Barrow

Around 300 roles may be affected
International Paper to close five UK packaging sites

Asset ownership delayed process
Reflections to be liquidated

'Start of a new era'