Mergers and acquisitions

An MBO team has acquired the business and assets of the Arjowiggins Fine Papers and Arjowiggins Chartham businesses, securing 559 jobs.

Unite the Union in Ireland is taking legal action against Nicholson & Bass over its treatment of employees who were affected by restructuring at the Belfast business last month.

The mooted management buyout of Arjowiggins’ Stoneywood mill in Aberdeen is expected to be finalised “in the coming days” according to local newspaper the Evening Express.

It appears that Quinns Belfast (2009) and Nicholson & Bass will be going into liquidation, although the formalities are yet to be enacted.

David Montgomery’s new National World ‘buy and build’ news publishing business is poised to join the London Stock Exchange through the listing of £5m-worth of shares.

Canon has sold print-on-demand specialist Kite, which it acquired two years ago, to Cardiff-headquartered Prodigi Group.

Hexcite Group has been launched as the new £60m-turnover unifying brand identity of Gardners, Kesslers and SFD, which were recently brought together in a series of acquisitions.

The administrators for the Arjowiggins UK companies that remain in administration have updated on their progress.

Pyramid Display Materials has acquired the assets, stock and goodwill of plastic substrates distributor and fabrication house POS Plastics.

Macfarlane Group has acquired Leyland Packaging Company in a deal that could be worth up to £3.25m when complete after courting the business for more than a decade.