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Accrol Group Holdings plc

NorthEdge hopes to clean up with £66m Accrol Papers deal

Manchester-based private equity firm NorthEdge Capital has invested £66m in Blackburn toilet roll maker Accrol Papers.

Accrol is one of Europe’s largest independent soft tissue converters, with manufacturing capacity of 80,000 tonnes a year. It supplies many of the discount retailers which have enjoyed strong growth during the recent downturn.

Chief executive Majid Hussain said: “The investment from NorthEdge 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. We look forward to working with the team at NorthEdge to drive the business forward and continue to increase our support to customers.”

Accrol Group Holdings PLC (LON:ACRL) manufacture a wide range of household and away-from-home paper products from our purpose built production facility in Lancashire. Paper products including toilet rolls, paper towels and facial tissues are manufactured to the highest levels of quality in brands and private labels utilising the latest technological advancements.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.