US giant snaps up drinking straw company just a year after it launches
A Manchester firm which makes paper drinking straws has been snapped up by an American firm looking to move into Europe.
The Paper Straw Co was set up just a year ago in response to the growing demand for environmentally friendly drinking straws.
And the company has now been acquired by the Hoffmaster Group, a leading US manufacturer of disposable tableware.
Hoffmaster also owns Aardvark Straws in Fort Wayne, Indiana.
Following the deal The Paper Straw Co is looking to increase its production of its straws in response to t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...