Navigator Paper UK has launched a public all-cash firm offer for the acquisition of UK-based tissue paper converter Accrol Group Holdings. Accrol converts and supplies toilet tissues, kitchen rolls, facial tissues, and wet wipes to UK-based discounters and grocery retailers. Its proposed acquisition would reinforce Portugal-headquartered Navigator’s market positioning in the Western European tissue market, which Navigator said it anticipates would result in a consolidated turnover of £500m, with the UK market contributing around 50% of Navigator’s total tissue turnover. In the year ended 30 April 2023, Accrol posted revenues of £242m and adjusted EBITDA of £15.6m. For the half-year ending 31 October 2023, Accrol had revenues of £100.3m and adjusted EBITDA of £10.2m. Navigator Paper UK is a wholly owned indirect subsidiary of the Navigator Company, a Portuguese integrated pulp, paper, tissue, packaging, and biomass-based energy company. In the financial year ended 31 December 2023, Navigator reported consolidated revenues [...]

Russian brands of metal produced before Saturday April 13 can no longer be delivered to the London Metal Exchange or CME Group following the imposition of new sanctions by the UK and the US The post Authorities opt for market stability over ban on Russian metal | Hotter Commodities appeared first on Fastmarkets. [...]