Japan Pulp & Paper acquires Premier Paper Group
The beneficial interest in the entire share capital of RADMS Paper Limited, the holding company that owns the Premier Paper Group, was acquired by Japan Pulp and Paper Company Limited on 5 July 2019.
Japan Pulp and Paper Company Limited (JPP) is a $5 billion turnover global company which employs 3900 people across a number of diverse sectors such as property, ICT systems, renewable energy, recycling, paper manufacturing (mainly tissue and packaging papers) and paper distribution. With operations in North America, Central America, Asia, Middle East, Australasia and Europe, JPP is a business operating in many diverse sectors but with paper at its core. It is best known in the UK for its publishing merchant Gould Paper Sales.
Premier Paper managing director Dave Allen stated, ‘Premier Paper is one of the most successful paper merchants in Europe, and for some time the board of directors has been searching for a partner that can help the company build on our current success and achieve our full development potential. Our strategy of diversifying into parallel market sectors, such as display and packaging, whilst maintaining our position in the core coated and uncoated sector, will continue. We believe that being part of JPP will help us achieve our business growth objectives and continue to provide a wide choice of products and a first class level of service to customers across the UK. This in turn will ensure that Premier Paper continues to prosper, providing a secure future for the Company and all employees.’
The existing Premier Paper management team remains in place and is fully engaged in this new and exciting phase of the company’s development as part of the JPP organisation.