PaperlinX sell-off underway in the UK

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Premier Paper Group has snapped up PaperlinX’s Reel Paper and Savory Paper in a deal with administrators at Deloitte that could save 30 jobs. 

"The Premier Paper Group has acquired the assets of PaperlinX's Reel Paper and Savory Paper division and offered positions to more than 30 former Paperlinx employees," Graham Griffiths, managing director, Premier Paper Group, said in a statement:

“This is an excellent opportunity to grow our business in this sector and the fit with our current business ensures that paper producers have a route to market and customers have a service offer that they can rely on.  The recent unfortunate events at Paperlinx have resulted in redundancy for many people. We are delighted to be able offer more than 30 jobs to a team of people with many years experience and a great track record in the business forms, direct mail and digital inkjet markets."  

Reel Paper and Savory Paper supplied paper to direct mail, business forms and high-speed inkjet markets.  The new division, renamed Premier Reel Paper, will be based at the PaperlinX site at Castle Donington in the East Midlands.

The move comes days after PaperlinX shut down its Benelux business in the Netherlands and Belgium in the wake of the collapse of its UK operation earlier this month.

There’s continued speculation that Deloitte is considering bids for PaperlinX UK, with Spanish paper manufacturer Lecta touted as a potential buyer.  Deloitte has yet to comment on the report.

 

 

 

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