Having surpassed the £100m sales milestone, Lancashire-based tissue paper converter Accrol Papers is creating a further 100 jobs to maintain the strong growth levels at the company.
The business, founded by the Hussain family, has exceeded all expectations over the last five years – doubling sales revenues, constructing new buildings and installing new converting lines.
Established in 1993, the business now employs over 420 staff, with the additional jobs being created to man the new lines being commissioned. Accrol provides a wide range of tissue products for grocery retailers and service providers from its modern purpose-built production facilities in Blackburn. The state of the art site will have a manufacturing capacity in excess of 100,000 tonnes per year once commissioning is complete.
This latest success follows investment from private equity firm NorthEdge Capital in July 2014, which enabled the business to accelerate its expansion, increasing capacity, as well as strengthening management and product development.
Majid Hussain MBE, CEO of Accrol Papers, said: “We have seen a sustained period of growth in the last five years and exceeding annual sales of £100m is an outstanding achievement for the business. We have improved facilities to extend our capabilities and ensure we continue to deliver the highest quality products to our customers, putting the business in a strong position for future growth.”
Peter Cheung, Chairman of Accrol Papers, said: “Accrol’s growing presence in both the premium and discount grocery retail sectors has enabled the business to take advantage of the consumer shift towards great value products without compromising quality.”
Tom Rowley, investment director at NorthEdge Capital, said: “Accrol has consistently outperformed its competitors, again demonstrating the strength of the manufacturing sector and businesses in the North of England. The management team is strong and highly ambitious, and this latest achievement is testament to their efforts. We look forward to helping the business continue its growth over the coming years.”
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