Home >Northwood announces acquisitions
Northwood announces acquisitions
10 October 2019
Northwood Paper, Tissue & Hygiene has acquired the trade and assets of the whole Sidcot Group, comprising of the recycled tissue mill at Chesterfield and the converting operations of Matryx, Techcel and Negociar.
This brings additional valued recycled tissue production and converting capacity to the Northwood production platform. The shareholders welcome the directors, managers and staff based in Oldham and Chesterfield into to the Northwood family of companies.
Paul Fecher, Northwood Chairman, said: “I have known Nigel Samuel for over 20 years, and I am pleased we’ve been able to assist with his desired exit from the trade. Northwood was identified as the most suitable company able to acquire the activities and with the resources needed to conclude the purchase of all the trade & assets of the Sidcot Group in a short timeframe. We look forward to being able to offer our new colleagues in Oldham and Chesterfield a bright and secure future as we further develop our vision of making Northwood the supplier of choice to the paper hygiene sector.”
The company added: "The integration of Chesterfield with the recycled tissue mills in Disley and Lancaster, as well as the recently acquired paper mill in Enate Spain, brings at this time of Brexit turmoil, the important benefit of security of supply to our vertically integrated business model.The converting lines in Oldham are a perfect complement to the converting plants in Telford, Penygroes, Bromsgrove, Ilkeston, Lancaster, Birmingham and Madrid."
All personnel based in Oldham will transfer over to the Northwood Hygiene Group and the Chesterfield personnel and business will start operating as Northwood Tissue (Chesterfield) Ltd. All day to day contacts will remain unchanged.
The recent acquisition of the trade and assets of Dicepa Papelera in Enate, Spain as well as the trade and assets of the converting plant of Manipa in Madrid, also gives the wider Northwood Group fresh access to the markets in Spain and mainland Europe. For the paper mill in Enate additional opportunities for expanding its product portfolio will be pursued. Naturally, the Manipa operations will also be expanded and able to offer the wider range of products from the finished product portfolio of the Northwood Companies.
Northwood has been a major client and UK Agent for Dicepa for over 15 years with excellent relations.
The businesses in Spain will operate under the names of: Northwood Dicepa S.L. for the activities in Enate, Huesca and Northwood Manipa S.L for the activities in Alcala, Madrid.