Sessions of York were placed into administration on Wednesday 21st April. On Thursday 22nd April Paragon Print and Packaging were made aware of the opportunity to purchase the assets of the business for the first time. Since then negotiations with the administrator have been successfully concluded.
The completion of the Sessions of York asset purchase is part of the Paragon Group's strategic objective to expand into new market sectors.
Sessions of York are a long established business and are experts in the supply of self adhesive products in pharmaceutical, healthcare, personal care and Household markets.
The strategic fit between Paragon and Sessions will provides a platform to accelerate growth and product innovation for the combined businesses.
Paragon Print and Packaging Group are the UK market leaders in self adhesive labelling. The Group manufactures self adhesive labels, linerless labels, promotional labels, flexible films, sleeves and cartons.
Mark Lapping, MD Paragon Print and Packaging Group said 'We are pleased to have secured this excellent opportunity to purchase the assets of Sessions of York's label business from the administrator. Sessions has an enviable market position and excellent reputation for quality and service, established almost 200 years, in the Pharmaceutical, Healthcare, Personal care and Household markets.
'We have been looking for an opportunity to expand our business into these markets and as a strategic fit, Sessions is ideal. The York location is an excellent platform on which to grow this established business'
Source: http://www.paragonprintandpackaging.com/
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