Growing packaging and stationery producer acquires complementary firm
Established packaging and stationery business, Scarborough-based Duraweld, is expanding across the sector with the acquisition of Prima in Bradford which also provides creative packaging solutions.
With over 20 years’ experience, Prima is a designer and manufacturer of folding card and PVC high frequency welded products.
Its products range from printed and plain folding cartons, corrugated cartons and point-of-sale folders and pockets, through to ring binders, PVC pockets and paper over-board boxes and folders. Its clients include retailers, educational institutions, councils and the NHS.
Founded in 1959, Duraweld designs and manufactures a range of packaging and stationery products for customers from the NHS to the FA, working across sectors such as healthcare and retail.
Led by managing director Mark Yeung, it has a purpose-built factory which includes in-house screen printing, digital printing, inline paper over board wrapping, high-frequency welding, sonic welding, digital and hydraulic cutting, foil-blocking and embossing. The company employs around 50 people.
Duraweld has acquired the business and assets of Prima for an undisclosed sum. Advisers to Duraweld on the deal included Tony Berry and Isabelle Hammond of Clarion in Leeds who provided legal advice; with Jack Tennant of Wilsons Solicitors in Bradford acting for Prima.
Yeung said: “As a market leader in customised stationery and packaging, Prima further extends our range of products, enabling us to continue to expand the business.
“In such a competitive sector, it’s vital to keep looking to the future and planning for growth – the acquisition of Prima will make a significant contribution to our business, adding to our skilled team and building on the solid foundations we have established.”
Isabelle Hammond of Clarion added: “This is the first time we’ve worked with Duraweld and we were pleased to have been able to complete the deal in just three weeks. It’s great to be supporting such an ambitious, forward-looking business.”
