NorthEdge invests in £66m deal backing Accrol

NorthEdge Capital, the private equity firm focused on investing in businesses based in the North of England, has backed Blackburn-based tissue converter, Accrol Papers Limited, in a £66m deal.

The business, founded by the Hussain family, has grown significantly in the last five years. The investment by NorthEdge will facilitate the acceleration of the company’s expansion programme to increase capacity and support further growth, job creation and product development.

Majid Hussain MBE, CEO of Accrol, said: “The investment from NorthEdge follows a sustained period of growth for the business during the last five years. The capital will allow us to accelerate capital expenditure to increase output and ensure that we continue to deliver the highest quality products and services to our customers.

Dan Wright, partner at NorthEdge Capital, who will join the board of Accrol alongside Ray Stenton, said: “NorthEdge works exclusively with successful companies and ambitious management teams based in the North of England, and Accrol is no exception; a fast growing business with a significant share of the UK market and an impressive customer base.