Joined in 2023 
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63 About this deal
Expected to be fully profitable and substantially accretive to Accrol earnings, within its first year of operation We ask every individual to do one thing better every day, empowering them through clear communication, personal development opportunities and strong ethical business values. As Accrol strives towards ‘operational excellence’, environmentally friendly working practices are becoming an increasingly central part of the operation. Dedicated to sustainability, the business plans to source 100 per cent of its energy from renewable sources in the short term. It has also partnered with the Marine Conservation Society (MCS) for the release of ‘Oceans’, a new direct to consumer, plastic-free toilet tissue. Our vision is to deliver the best possible value to the UK consumer on essential everyday tissue products. We are shaking up traditional tissue brands by delivering the quality the consumer wants for the price they want to pay.
Innovation is key at Accrol, and the company’s latest development is a ‘super-soft’ tissue that fits into the firm’s mid-tier ‘better’ category. Launched just before Christmas, the product was produced in partnership with two major retailers, as well as a tissue manufacturer that has worked with the company for the last 12 years. Only available in the UK, the tissue is very close in softness to branded products and has been immensely successful since its release. It marks yet another victory for Accrol’s product innovation department. Accrol is proud of its record as a responsible employer and has previously committed to matching or exceeding living wage thresholds in all of its locations. The mill will deliver on this commitment and will also be fully captured within, and reported on, in Accrol's future ESG reporting.
He was previously the founder partner, chief operating officer and head of portfolio at NorthEdge Capital. It has been said that input paper costs are falling fast and kraft paper prices have fallen over 35% since January 10th.
Looking at recent history, acquisitions may lead to additional debt or additional shares being issued if ACRL share price is at a much higher level. Accrol's position and prominence within this market has grown materially under the current management team; partly through the outperformance of the private label segment, but also as a result of our internal transformation and improved competitive positioning. In 2017, Accrol was focused on supplying an overly complex range of entry level products to a narrow customer base of discount retailers and multiple, low-value, low-margin Away From Home Products. Our share of the total tissue market in 2017 was just 5.6%. Today, Accrol supplies a broad base of retail customers with a full but simplified range of paper-based products. Our total market share (volume) has grown to c.21.5%, as we have consistently outperformed the private label market, which is itself the fastest growing segment in the broader market. Our share of the private label market (volume) is now c.45%. The outcomes to the Strategic Review, which we are announcing today, are set against the marked structural shifts that we have witnessed in our core markets and the internal transformation of our Company achieved over the last five years. As the mill solution has progressed, we are now in a position to provide an indicative outline of what we believe Accrol will be capable of delivering over the medium to long-term, if we maintain our current pace of execution against our commercial strategy: Customers will be able to shop the new stationery items in 120 of the grocer’s supermarkets around the UK from today.
Directors
Accrol said at the time that the move into high growth products within the wet wipes segment of the tissue market, provided a "well-invested platform on which to build a sizeable business". Read More Related Articles In November 2020, Accrol completed its first major acquisition, buying Leicester Tissue Company (LTC) an independent supplier of private label toilet tissue and kitchen towel. Shortly after in April 2021, Accrol acquired John Dale, a highly scalable, flushable and biodegradable wet wipes business.
Reverse the significant historic under-investment in terms of capital, physical capacity and people; Mr Wright has held the role since February 2018 having previously been a non-executive director since December 2017. FY23/24 cash generation will be "quite profound" as capex on automation is complete and debt should fall rapidly. Debt guidance may be in the YE update or we may have to wait for the full update later in the year.A direct-to-consumer business of scale, based around the Oceans brand, suppling a range of plastic-free household products; and Jan. 2023: The Board of Accrol, the UK's leading independent tissue converter, is pleased to announce the outcomes of its strategic review, undertaken in 2022 with the support of Deloitte.
NorthEdge Capital is headquartered in Manchester and its other investments include Total Fitness, Clearly Drinks and The Belfield Group. Paperchase at Tesco’ has launched with four core ranges – Rainbow, Pastel Ombre, Artful Scribbles and Confetti – all offering a wide selection of themed stationery products, including notepads, pens, highlighters, washi tapes and gift wrap. Our approach has always been one of simplification and to try and make sure we are one of the most efficient, lowest cost producers,” Graham states. “Clearly this will reduce the number of people needed within the business, as we plan to automate and robotize every aspect that we possibly can within the tissue production process. Over the last two and a half years, headcount has been reduced from a high of 690 to circa 300 people today, at the same time as we increased Group revenues.
Accrol Group
The Board's longstanding vision for Accrol has been to build a diversified group of size and scale, better positioned to manage external risks and to capture the growing opportunity within the private label household and personal hygiene market. As we enter 2023, we believe the Group has made considerable, and demonstrable, progress in delivering against this vision. This could lead to lead to rapid margin improvement in H1 24 and could be reflected in the FY24 outlook due soon. On a fully comparable basis, the land and building costs in the location that we have chosen are expected to be c.50% lower than originally announced.
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