Listed loo roll maker to set up new manufacturing plant
LANCASHIRE toilet roll company Accrol Group Holdings is to open a new manufacturing plant in Leyland, creating 80 jobs.
The 168,000 sq ft plant will start production in January 2017 and initially house two high-speed tissue converting lines, as well as providing finished goods warehousing space.
Accrol said the new facility has the space to potentially add two further converting lines if required and that the investment will support its continued growth with both the discounters and the major multiples in the UK.
Steve Crossley, Accrol’s chief executive said: “This additional capacity underlines our strategy of investment ahead of growth in state-of-the-art machinery and facilities.
“It will position Accrol to benefit from underlying organic growth in the discount sector and enable further growth with the Major Multiples.
“At the same time, we will focus on improving efficiency at the existing Blackburn sites to further increase our total capacity.”
The Blackburn-based company floated on the AIM in June, raising £63.5m and giving it a market capitalisation of £93m, in a move which saw private equity firm NorthEdge Capital achieve its first exit, but retain a 15% stake.
Founded in 1993, Accrol manufactures around 16 million toilet rolls each week and supplies the likes of Tesco, Aldi, Morrisons, Bookers and Wilkinsons.
