ACCROL GROUP acquired by THE NAVIGATOR COMPANY
Context
The Navigator Company reached an agreement to acquire Accrol Group Holdings through a recommended cash offer. The deal is defensive for Accrol, whose board cited a "challenging future environment" with massive new capacity (500k tonnes) entering the UK market. For Navigator, it secures a massive distribution channel in the UK for its tissue parent reels.
ACCROL GROUP, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a level close to the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Accrol Group Holdings is a leading UK-based tissue paper converter and supplier, specializing in the production of private-label household paper products. The company’s extensive product portfolio includes toilet tissues, kitchen rolls, facial tissues, and wet wipes, primarily serving major grocery retailers and discounters across the United Kingdom. Operating as a critical link in the consumer goods supply chain, Accrol processes jumbo tissue reels into finished retail products, leveraging high-speed converting lines and a sophisticated logistics network. Its business model is built on high-volume production and long-term relationships with leading UK retailers, positioning it as a trusted reference player in the resilient private-label market.
Ent. Value
£100–350M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (GBP)
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REFERENCES
Valuation range: EV £100–350M
Revenue range: £150–250M
EBITDA range: £5–25M
EV/Revenue range: below 1.5x
EV/EBITDA range: 10x - 18x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.