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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ITV News Central's special series looks at a range of key election issues. In our first Central Issue debate, we look at the economy.
Still rather windy. Blustery showers easing with clear spells developing.
Scattered showers, becoming more widespread tomorrow.