UK – Scarborough-based packaging and stationery business Duraweld has acquired carton and corrugated firm Prima for an undisclosed sum, expanding its services to Bradford.
Established over 20 years ago, Prima designs and manufactures quality folding cards and PVC high-frequency welded products.
The company’s products range from printed and plain folding cartons, corrugated cartons, and POS folders and pockets, to ring binders, PVC pockets, and paper-over-board boxes and folders. Its clients include retailers, educational institutions, councils, and the NHS.
Meanwhile, Duraweld designs and manufactures a wide range of packaging and stationery products for customers from the NHS to the FA, working across sectors such as healthcare and retail.
Headed up by managing director Mark Yeung, the company has a purpose-built factory that includes in-house screen printing, digital printing, inline paper-over-board wrapping, high-frequency welding, sonic welding, digital and hydraulic cutting, foil-blocking, and embossing.
Yeung said: “As a market leader in customized stationery and packaging, Prima further extends our range of products, enabling us to continue to expand the business.
“In such a competitive sector, it’s vital to keep looking to the future and planning for growth – the acquisition of Prima will make a significant contribution to our business, adding to our skilled team and building on the solid foundations we have established.”
Following the acquisition, Prima’s manufacturing capability has been transferred to the Duraweld site and will give Duraweld the additional capability to auto-die-cut and fold and glue cartons.
According to Duraweld, the deal would, unfortunately, affect most of Prima’s production staff – the two companies were based over 70 miles away from each other – “although we are delighted that some will be working from the Duraweld site and some remotely”, the business added.
Prima’s former owners are also being retained as consultants to the business, and the company’s branding will be retained.
“The Prima brand is well respected and known in the packaging and print space. We are proud of their heritage and values and we have no plans to change that,” Duraweld said in a statement.
Advisers to Duraweld on the deal included Tony Berry and Isabelle Hammond of Clarion in Leeds, who provided legal advice, with Jack Tennant of Wilsons Solicitors in Bradford acting for Prima.
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