NEWS

Antalis buys three packaging distributors from PaperlinX UK

Friday, May 08, 2015

Paper and packaging firm Antalis has bought 1st Class Packaging, Donington Packaging Supplies and Parkside Packaging from PaperlinX UK.

PaperlinX UK was placed into administration in April, but the performance of the three distribution companies has been stable, Antalis said.

The acquisitions are expected to expand Antalis' sales in the UK to around £80m annually.

Antalis UK rebranded its packaging business in January. Previously, it was operating as Ambassador Antalis with the acquisition of Ambassador Packaging in 2012.

Terming the new acquisition a part of the company's strategy, Antalis managing director David Hunter said: "We are really pleased to acquire these great businesses as this further reinforces Antalis as a key player in packaging in the UK.

"This acquisition also secures the jobs for their 63 employees who have experienced some uncertainty over recent weeks. For them and their customers, it is now very much business as usual."

Northampton-based PaperlinX went into administration putting at risk around 700 jobs.

Administration was limited to the company's paper business in which 14 plants were closed. Its packaging units remained unaffected.

 

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