UPM reaches phase II of Sappi venture
Material manufacturers, UPM and Sappi, have reached the next stage of their Joint Venture which was first announced in December last year
Premier Paper Group has announced it has acquired packaging and display product supplier, WBC
Supplier of paper and packaging materials in the UK, Premier Paper Group, has expanded into added-value markets with the acquisition of WBC.
WBC is a packaging and display product supplier for the speciality drinks and food sectors and has an annual turnover of £18m and employs 55 people.
The acquisition is the second in less than six months as Premier also acquired lamination film supplier Zulu Packaging (now Premier Lamination Films) in July.
All 55 of WBC’s employees will be retained and the company’s name and branding will remain unchanged due to its strong reputation within its sectors.
Andrew Wilson, chairman of WBC says being part of Premier opens up many opportunities for WBC and its employees. “Our core values have always guided how WBC operates and interacts with all of its customers, suppliers and employees,” Wilson says, adding: “It was vital for me that the legacy, of a business driven by its values, continues with any new owners.
“I strongly believe that both companies share similar values and the WBC legacy will flourish under Premier’s stewardship.”
Michael Beever, chief executive officer of the Premier Paper Group, adds: “Although the businesses sell to very different market sectors, many of the same values are common to both organisations.
“The acquisition of WBC is an important next step for Premier as we continue to complement our traditional paper merchant business with expansion into added value sectors.”
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