PG Paper Acquires Tullis Russell Trucard and Gemini Brands
Aug. 25, 2015 (PrintWeek) - PG Paper in Kilmacolm near Glasgow acquired Trucard and associated brands, together with the Gemini range, “for a substantial sum” on Friday.
No further details of the amount paid have been revealed. KPMG joint administrator of Tullis Russell Papermakers, Blair Nimmo, said the company "was the highest bidder in a competitive sale process."
A PG Paper spokesman said the company owners — husband and wife team Puneet and Poonam Gupta — planned to manufacture the paper products. "They will be tendering globally to see what kind of response they get," he said.
A statement released by the Guptas said both brands were "incredibly reputable and well-respected in the premium packaging board industry."
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