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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After a cloudy morning with occasional rain drier and brighter conditions will develop by early afternoon with sunny spells.
Staying windy and often rather cloudy, with patchy rain at times. It should gradually become brighter later.
A wet and windy evening with heavy, persistent rain spreading eastwards, clearing through the early hours.