New acquisition underway Navigator Paper UK Limited has launched a bid to take over UK tissue paper maker Accrol Group Holdings Plc.
“Accrol is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues, and wet wipes to many of the UK's leading discounters and grocery retailers across the UK,” the Portuguese-owned business said in a statement.
“The Navigator Company now has a total production capacity of 165,000 tons of tissue paper and 180,000 tonnes of tissue converting capacity per year generating approximately €293 million of annual revenue in 2023,” according to the statement.
Navigator says it considers Accrol as a key component of the group’s “strategy of sustained expansion of its tissue business in the Western European market.”