454 people work at Covpress but Mr You told ITV News he plans to take on more.
"Our plans are to grow our business through increasing our international profile and penetration into other old markets. The acquisition of Covpress is an important move for us in our overall strategy. We are the equivalent of Michelin in China. We believe this deal represents two strong companies joining together in a win-win situation."
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Dry, often sunny. Rain by evening.
Mostly dry and bright today. Rain spreading east tonight.
A 23-year-old man has denied shouting "I've got acid" in the street, before allegedly squirting a liquid in another person's face.