July 7, 2022
(press release)
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Denmaur Paper Media has acquired the Fine Paper and Conversion division from Middleton Paper Company Denmaur Paper Media has agreed to acquire the business and assets of the Fine Paper and Conversion division (incorporating Vision Paper and Board) from Middleton Paper Company Ltd, with completion scheduled for mid-July. The Middleton staff joining Denmaur will continue to operate from their location in Walsall and the Middleton brands will also remain under the new ownership. It is our first acquisition since Harry E Gould Jr. took a majority shareholding in Denmaur in 2019. Both Denmaur and Middleton share the ethos of a family-owned business, as well as a tremendous respect for the years of employee commitment that has been instrumental to the success of both companies. Both have developed strong, long-standing customer and supplier relationships, which will continue to flourish under a larger operational team. Our sustainability programme will extend to this acquisition and include Carbon Balanced Paper, and the operation in Walsall will also be part of our official Carbon Net Zero plan which we aim to launch in the not too-distant future. The purchase is a perfect fit for both companies, both commercially and financially and it is a commitment to our combined employees, customers and suppliers. Strategically, it will create a stronger paper and board proposition that will present us with more opportunities in the future. Denmaur Paper Media has steadily grown since launching in 1983 to become one of the UK's leading paper merchants, specialising in the supply for the publishing, commercial print and carton board sectors. Also known for our sustainability services, we recently announced the landmark 100,000 tonnes of Carbon Balanced Paper sales Middleton have made their name largely through their conversion services in the graphic paper and board market, with the introduction of a merchanting arm, Vision, in recent years. Alongside our warehouse in Bardon, the combined storage capacity following the acquisition will cover 235,000 square feet. The combined turnover of both companies is in excess of £140 million and the employee headcount will be 128, once the purchase has been finalised. Denmaur Managing Director Nick Gee said of the acquisition: "Denmaur and Middleton share the ethos of a family-owned business as well as a tremendous respect for employee commitment, which has been instrumental to the success of both companies. The acquisition adds another facet to our business, allowing us to provide making sizes of paper and board to our customer base with short lead-times. "We have worked with Middleton for many years and recognise the quality of the conversion services they offer, it is a perfect fit that will enable us to provide a further enhanced service package to both our and their customer bases." Jason Middleton, managing director of Middleton Paper, said: "having led the team of dedicated people who have grown our Fine Paper and Conversion Division for over 35 years, I am excited to see the progress we will make during the next phase of this operation's development. We will all continue to enjoy secure, independent ownership that fully supports the proactive and progressive management team that I will be joining." "Both customers and suppliers alike will benefit from the synergies created by bringing our companies together, as well as broadening the range of opportunities available to us in a challenging market throughout the years ahead". If you would like to learn more about this acquisition, the exciting plans we have as a company, or require specific support with your paper requirements, please do contact us on 01795 426775 or email info@denmaur.com
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