National toilet paper business Accrol Group is set to be acquired by a large Portuguese paper company after a deal worth £127.5m was recommended to shareholders.
Accrol is the UK’s leading independent tissue manufacturer and was established in 1993 by the Hussain family in the Lancashire mill town of Accrington. The business relocated to Blackburn in 1996 and to its present location in 2004 with a purpose built 65,000 sq ft factory and warehouse.
Navigator Paper UK Ltd have put in an offer of 38 pence per share to acquire the Lancashire based company which looks to be accepted.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.
