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Industry

Premier Paper to be acquired by JPP

Having established itself as a successful paper merchant in Europe, Premier Paper has been in search of a partner to help build on this success.

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Premier Paper is to be acquired by Japan Paper & Pulp

In light of its search, Premier Paper has announced that it has been acquired by Japan Pulp & Paper (JPP).

Best known in the UK for its publishing merchant, Gould Paper Sales, JPP operates across a range of sectors such as property, renewable energy, recycling and paper manufacturing.

With a $5bn (£3.9bn) turnover, JPP will oversee Premier Paper expand on its own £233m turnover, achieve its full development potential and move into new markets.

We believe that being part of JPP will help us achieve our business growth objectives and continue to provide a wide choice of products and a first-class level of service to customers across the UK

Commenting on the acquisition, Dave Allen, Premier Paper managing director, says: “Our strategy in diversifying into parallel market sectors, such as display and packaging, whilst maintaining our position in the core coated and uncoated sector, will continue.”

Premier Paper’s existing management team will continue in their roles and are looking forward to the next chapter of the company’s development under JPP’s acquisition.

Allen adds: “We believe that being part of JPP will help us achieve our business growth objectives and continue to provide a wide choice of products and a first-class level of service to customers across the UK. This in turn will ensure that Premier Paper continues to prosper, providing a secure future for the company and all employees.”

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.


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