Accrol Papers, one of the UK's leading independent soft tissue converters, is set to join the paper production side of the market. A spokesperson for the firm confirmed local news according to which Accrol Papers intends to set up a paper mill in close proximity to its existing operations in Blackburn, Lancashire.
The private equity firm North Edge Capital revealed last week that it has backed Accrol Papers in a £66 million ($113 million) deal. According to Tim Bullough, commercial director of Accrol Papers, the deal will accelerate the firm's plans, one of which is a paper mill. "We would endeavor to locate the paper mill as close as possible to our current converting facilities. Furthermore, we have made a senior board appointment, and he will take up his position shortly and will head up the mill project," Bullough added. Moreover, RISI learned that the firm is considering a new 5.5 m-wide machine.
Accrol Papers was established in 1993 by the Hussain family. Today, the firm generates annual sales of more than £100 million and employs 300 people. Accrol Papers can produce in excess of 80,000 tonnes of household and away-from-home tissue products.
Majid Hussain, CEO of Accrol Papers said: "The investment from North Edge follows a sustained period of growth for the business during the last five years. The capital will allow us to accelerate capital expenditure to increase output and ensure that we continue to deliver the highest quality products and services to our customers."