ICSM Business News: administrators sell major paper manufacturer to rival firm as more print industry companies go bust

By Harry Mottram: The Lincolnshire based paper manufacturer and supplier Consuma has been acquired by Birmingham’s Norwood after falling into administration earlier this month.

It means some 200 jobs will be saved as the two companies join forces under the new name of Northwood Consuma Tissue (NCT). Norwood produce large amounts of domestic paper such as tissues, toilet paper and kitchen rolls as well as skid liners, dust covers, tier sheets and divider sheets.

Ian Carrotte of ICSM said this was good news as it is set against a bleak economic outlook with many firms struggling to service debts, battling rising overheads, energy bills and interest rates.

Administrators have also been called in at John Brown Printers in Nottingham while liquidators have been appointed to wind up Benchmark Print and Embroidery, Broadway Publishing, Digital Revolution and Design, Quantum Print Services and Xpert Envolopes. The magazine publisher Women of the City has had a compulsory liquidator appointed while there have been petitions to wind up Splatt Print and TRP Magazines.

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For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk