The WEPA group has acquired all shares in its Northwood & WEPA joint venture, the UK and Ireland’s leading private label paper supplier. The move will see Northwood & WEPA change its name to WEPA UK.
Subject to formalities, the completion of the purchase is planned for 5th July 2018. Both parties have agreed not to disclose the purchase price.
The market-leading business currently employs 270 staff and operates out of its commercial headquarters in Bolton and a production plant in Bridgend, which produces more than 600million rolled paper products for the British consumer market annually.
The business reported a turnover of £120million in 2017, up 5% on the previous year, a figure which is forecast to rise to more than £130million in 2018.
As part of this growth, £21million has been invested in two new state-of-the-art converting lines at the Bridgend facility.
Mike Docker, managing director at Northwood and WEPA, commented: “The WEPA Group is a family-owned business, backed by 70 years’ paper manufacturing excellence and expertise. Since the joint partnership began in 2013, we have made great strides in the UK’s growing private label market.
The WEPA Group’s acquisition of all shares and the upcoming WEPA UK rebrand is a positive move for the business and our customers alike. It’s very much business as usual, and an exciting time for the team to push ahead with further growth under the guidance of an ambitious owner.”