ANTALIS Ltd has acquired the assets and trade of Ovenden Papers Ltd from its administrators.
Ovenden Papers will continue to operate under the family name, supported by Antalis in the UK & Ireland. The acquisition includes the business’s customer relationships, employees, premises and relevant operational assets, enabling Antalis to provide continuity while it undertakes a ‘detailed review’ of the business and its future development.
In the immediate term, Antalis said the priority is to ensure a smooth transition and maintain continuity of supply and service for customers. Antalis added that it will work with employees, customers and suppliers to provide reassurance and minimise disruption as the business becomes part of the Antalis Ltd organisation.
Nick Thompson, regional MD, Antalis UKI, said, “While it is disappointing to see a long-established business such as Ovenden Papers LTD enter administration, we are pleased to have been able to acquire its assets and trade and provide a route forward. Ovenden Papers has established customer relationships, experienced employees and valuable market knowledge. Our immediate priority is to provide stability and continuity for customers, suppliers and employees while we undertake a detailed review of the business and its operations.
“We see opportunities to build on the strengths of Ovenden Papers and combine these with Antalis’ product portfolio, distribution network and wider resources. We look forward to working with the team and customers.”
