Accrol hits £100m turnover and plans 100 new jobs
Blackburn-based soft tissue manufacturer Accrol has topped £100m turnover for the first time, marking a 14 per cent increase.Accrol, which last year secured investment from private equity firm NorthEdge Capital, now employs around 450 people, which could increase by another 100 over the next 12 months.
Recent investments in equipment and a paper mill will see manufacturing capacity rise from 80,000 tonnes to 100,000 tonnes per year.Majid Hussain, chief executive of Accrol Papers, said: "We have seen a sustained period of growth in the last five years and exceeding annual sales of £100m is an outstanding achievement for the business.
"We have improved facilities to extend our capabilities and ensure we continue to deliver the highest quality products to our customers, putting the business in a strong position for future growth."Tom Rowley, investment director at NorthEdge Capital, said: "Accrol has consistently outperformed its competitors, again demonstrating the strength of the manufacturing sector and businesses in the North of England. "The management team is strong and highly ambitious, and this latest achievement is testament to their efforts. We look forward to helping the business continue its growth over the coming years."