The deal, backed by asset-based lending firm KBC Business Capital, completes a process started in 1999 when Firstan managing director Andrew Hartwig led a management buyout of the firm with backing from Lloyds.

Hartwig, his brother Paul, production director of the firm, and sales director Jeff Oakley, led the latest deal.
Paul Hartwig said the firm was looking to make acquisitions in the UK, and possibly overseas, in the future.

KBC Business Capital regional director Ian Bath added: “The company is now well placed to take advantage of growth opportunities.”

The £15m-turnover firm employs around 130 staff at its Cambridge site, where it runs four six-colour UV Mitsubishi presses.

The latest transaction enables Firstan to buy out Lloyds TSB’s share in the business and repay loan stock.