British merchant Premier Paper has announced the acquisition of packaging and retail display supplier WBC, based in London.
British paper merchant Premier Paper has announced the acquisition of a 75 per cent stake in London-based packaging and retail display provider WBC and its subsidiaries. 25 per cent will remain in the hands of the current owners.
Established in 1989, WBC has 55 employees and annual sales of £18m. The company is a leading packaging and display product supplier to the speciality drinks and food sectors. The current management team and all WBC employees will be retained, both companies announced.
With this acquisition, Premier expands its offering into added-value and complementary markets. In turn, WBC will benefit from additional resources, logistics support and expertise provided by Premier.
Michael Beever, CEO of the Premier Paper Group says: "(...) Although the businesses sell to very different market sectors, many of the same values are common to both organisations. Having WBC as part of our group will open up many opportunities for all parts of the company to develop product and service offerings through the sharing of knowledge and expertise. The acquisition of WBC is an important next step for Premier as we continue to complement our traditional paper merchant business with expansion into added value sectors.”
Premier Paper Group had a turnover of £187m in 2021 and is a leading supplier of paper, packaging and materials to the UK market. The company already made a step to widen its offering when it bought lamination film supplier Zulu Packaging (Now Premier Lamination Films) in July 2022. Zulu Packaging provides products for lamination and packaging film requirements, including flexible packaging films for direct food contact, lamination films for carton producers and a stock range of lamination films for commercial print.
Since 2019, Premier has been part of Ovol Japan Pulp & Paper, a global company that operates in 21 countries with sales of of $5bn. The company became a wholly-owned subsidiary of Japan Pulp & Paper in June 2020 when the latter bought all outstanding shares in RADMS Paper, the sole owner of Premier Paper Group.