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 [...]

Fastmarkets launches MB-STE-0914 steel coil 55% Al-Zn coated steel import, South Korean-made, ddp Gulf Ports, and MB-STE-0915 steel coil 55% Al-Zn coated steel import, non-South Korean-made, ddp Gulf Ports on Tuesday April 16. The post Launch of import steel coil 55% Al-Zn coated steel assessments appeared first on Fastmarkets. [...]