Shareholders of Northwood Paper, Tissue & Hygiene have announced that they have acquired the trade and assets of the whole Sidcot Group, as well as those of Dicepa Papelera and converting plant Manipa.
The acquisition of Sidcot Group comprises 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.
Paul Fecher, Northwood Chairman, stated: “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 and 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 acquisitions of Dicepa Papelera in Enate and Manipa in Madrid, Spain, underlines Northwood’s long-term goals for the growth of its business, despite the challenges and uncertainty of Brexit.
The integration of Chesterfield with the recycled tissue mills in Disley and Lancaster, as well as the Spanish acquisitions, brings the benefit of security of supply to our vertically integrated business model amidst Brexit turmoil.
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. Following the completion of legal formalities, Juan Mor will be General Manager of Northwood Dicepa S.L. and Northwood Manipa S.L.
