Derby-based Tecnograv now has three engraving sites and the combined company will reach sales of around 16m this year, said Hewson.
He said Tronic Gravures expertise in decorative work was a good fit with his existing business, which is focused on the packaging market.
"One of Tronics businesses is in the wallpaper market, which has come back into fashion in a big way," said Hewson, who is also interested in the possibility of exports in this market.
And Hewson was bullish about the prospects of the gravure market in general: "With our investment in technologies like plastic lightweight cylinders, gravure is becoming much more competitive for shorter-run jobs.
"It is beginning to compete with flexo printing, but with the high quality that you expect of gravure. Our whole industry is a lot more sophisticated than even a couple of years ago."
Story by Paul Nesbitt
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"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."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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