GBC, formerly owned by ACCO Brands, handles lamination films and packaging equipment in Europe, North America, Japan and other Pacific countries. The deal was completed on 9 June.

In the UK, Cosmo Films' products are distributed by GIF, which will now take on GBC's films.

Adrian Ashworth, managing director at GIF, said: "This acquisition is welcomed by GIF. We see this as an important step to strengthen our position in the UK market as the major supplier of thermal laminating film.
 
"With good stocks, slitting facilities and next day deliveries, GIF will be working closely with Cosmo Films in the UK to support them and to develop further the business they have acquired."