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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Some outbreaks of rain but becoming drier and brighter tomorrow.
Mostly dry overnight, some rain tomorrow morning, then becoming brighter.
The mother, her husband and their son were found stabbed at their home in Stourbridge shortly after 8am on Thursday.