PaperCo is continuing its expansion into the packaging market with the acquisition of carton and pallet merchant Parkside Packaging.The London-based paper merchant expects Parkside to "perfectly complement" 1st Class Packaging, which it bought last year, as part of its strategy to create a "nationwide packaging business".
"With these acquisitions, we now have a healthy presence in industrial packaging, a base on which we will continue to grow," said managing director Alistair Gough.
Like 1st Class, Coventry-based Parkside, which has an annual turnover of £7m, will continue to operate as a separate business within PaperCo, maintaining its existing management team.
Parkside managing director Keith Hobbs said the firm was "excited" about the acquisition.
"The benefits of the new packaging group are vast and will become more evident as other packaging businesses come on board," he added.
Source: packagingnews
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