Nelsons Labels acquires Prime Packaging Ltd

Jourdan plc's wholly owned subsidiary, Nelsons Labels (Manchester) Limited, Europe's premier manufacturer and supplier of specialist labels to the bedding, upholstery and carpet industries, has acquired the entire issued share capital of Prime Packaging Limited from its existing owners, Naim and Noshaba Butt.

Prime Packaging is a private company based in Bradford and its business of the design and manufacture of fabric labels and sale of the same to UK and European markets is complementary to that of Nelsons.

Nelsons was established in Manchester in 1919. The business has evolved from a supplier of fabric labels to the clothing and millinery industries into an internationally recognised supplier to the bedding, upholstery and carpet industries.

Jourdan plc Group’s principal activities are the design, manufacture and marketing of a variety of consumer goods including trouser presses, fireplaces, furniture products, electric fires, cosmetic accessories and industrial brushes.

The funding for the acquisition is being sourced from existing lines of credit available to the group. The board of Jourdan expects that the acquisition of Prime Packaging will be earnings enhancing for Jourdan in the first full year following completion. On completion of the acquisition of Prime Packaging, Mr Butt will be appointed to the board
of Nelsons and will serve as sales director for the enlarged Nelsons business.

Clough & Co acted as reporting accountants to the vendor. Nigel Bullas of Clough & Co commented: “The purchaser and vendors were well known to each other as competitors and yet both realised the significant benefits that could flow from getting together.”

Last Cawthra Feather provided  legal advice to the vendor of Prime Packaging Ltd during its acquisition by Nelsons Labels. Michael Crook, who led the Last Cawthra Feather team, commented: “Prime Packaging has been a long standing client of the firm and we have been very pleased to have worked along side its owners, Naim and Noshaba Butt, to whom we would like to extend our very best wishes for the future.”