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, which 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 & 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.”
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.
In a separate announcement, Northwood confirmed it has also acquired 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, providing the wider Northwood Group with 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. 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. Both firms have now structurally joined forces and linked up the businesses under the Northwood brand.
The businesses in Spain will, on completion of legal formalities operate under the names of:
- Northwood Dicepa S.L. for the activities in Enate, Huesca
- Northwood Manipa S.L for the activities in Alcala, Madrid
Juan Mor will be General Manager of the above Iberian businesses. The Share Holders of Northwood Paul, Marc and Adam Fecher and Paul King will be Directors and board members of the above companies.