200 jobs saved as paper products firm sold out of administration
Some 200 jobs have been saved at a Lincolnshire paper products manufacturer after the firm was sold out of administration.
Mike Dillon and Andrew Poxon from Leonard Curtis were appointed joint administrators to Consuma Paper Products (CPP) on December 1, selling the business on the same day to a connected party.
The business will now operate as Northwood Consuma Tissue (NCT) under the ownership of The Northwood Companies, focused on supplying own brand facial tissues, household towels and toilet paper to some of the UK’s biggest grocery retailers.
The Northwood Companies has several market-leading brands in the consumer and AfH (Away from Home) sector, including Rhino Kitchen Towel, Hush, Freedom, Raphael, North Shore and Whisper.
Paul Fecher, chairman of The Northwood Companies, said the deal would allow for the planned integration of the Birmingham and Grantham-based operations into The Northwood Companies group. “It will bring together complementary sites to offer a full portfolio of products. Both sites have state-of-the-art equipment and dedicated professional staff.”
Fecher continued: “NCT will have the support of Northwood’s local and global certified paper sourcing and access to Northwood manufacturing capabilities enabling it to focus on its core competencies with the backing of dedicated British owners.”
He added: “We are delighted to welcome to the Northwood family the directors and staff in Birmingham and Grantham, many of whom are very familiar with Northwood through years of working closely together. It is very much business as usual. We look forward to an exciting year ahead.”
