A print finishing operation based in Inchinnan has raised productivity after buying a new £90,000 machine.
ACA, a one-stop print finishing operation at Inchinnan Business Park has undergone a £6.5m buy-in management buyout (BIMBO) in 2016.
The company since has invested further in its future profitability with the acquisition of a £90,000 CNC machine to manufacture brass dies, each of which can be used to emboss over one million sheets of paper.
Construction work is also ongoing at ACA’s premises to complete a 4,800 square metre sterile environment to handle the packaging materials for food products.
Joe Keenan, ACA’s Managing Director, said: “Before we brought in the CNC machine, we used magnesium dies, each of which are good for only 100k sheets of paper. This cost us around £50,000 a year, so we expect to make a significant saving.
“In addition, since as far as we know, this is the only CNC brass die producing machine in Scotland, we anticipate that other print finishing businesses will buy up to £50k worth of dies from us, meaning that the machine will recoup its costs in one year”.
“We believe we are capable of increasing annual turnover from its current level of £4.6m to £6m by 2020 and a key part of our expansion plan lies in securing BRC accreditation to allow us to handle packaging work for the UK’s major food manufacturers.
“There are a variety of processes we are working on to gain the accreditation but the main one is the creation of a sterile environment and we anticipate we will have this ready by summer.”
ACA believes itself to be the only one-stop print finishing business in Scotland and has a long-established history in providing the finishing touch to printing projects for its key partners in the print and design industry across the UK and Europe.
It increased sales by almost 10 per cent to £4.6m in the year to August 2017 as a result of a substantial effort by the new owners to have the business realise its true potential. ACA has already spent £400,000 on repairing and restoring existing equipment as well as buying new state-of-the-art print finishing machinery.
In addition, a further £0.25m has been invested in new health & safety and HR processes, quality assurance and marketing. The number of employees has also increased by 14 to 82.