Joined in 2023 
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63 About this deal
Reverse the significant historic under-investment in terms of capital, physical capacity and people; Earlier in 2020, as the outbreak of Covid-19 led to widespread panic-buying of essential goods across the UK, Accrol experienced a rapid spike in demand for its products. Operating 24 hours a day, seven days a week, the company maintained supply to all of its key customers without incident.
As Accrol strives towards ‘operational excellence’, environmentally friendly working practices are becoming an increasingly central part of the operation. Dedicated to sustainability, the business plans to source 100 per cent of its energy from renewable sources in the short term. It has also partnered with the Marine Conservation Society (MCS) for the release of ‘Oceans’, a new direct to consumer, plastic-free toilet tissue. Expected to be fully profitable and substantially accretive to Accrol earnings, within its first year of operation
Accrol Group Holdings plc
Tesco has relaunched Paperchase online and in selected stores, just 10 months after it rescued the brand out of administration.
Dan Wright, Executive Chairman of Accrol, said: "Over the last four years, Accrol has been transformed as an organisation to one that currently supplies c.21.5% of the UK market's tissue volumes and has considerable further capacity. Our state-of-the-art businesses are in an incredibly strong position to benefit in a private label market, which is growing rapidly and significantly. Our customer base is strong and varied and the ability to pass-on cost increases swiftly has been evidenced in the Group's Half Year Results, also announced today. We look forward with increased confidence, having clearly identified where we can grow the business." Tesco director for homeware Ally Rose said: “We know that Paperchase lovers will be pleased to see their favourite stationery brand again, and we’re excited to be making these premium, design led products available to Tesco customers, to spread a little more joy.Building on a strong and sustainable platform, Accrol aims to take market share from established brands by providing consumers with best value products and customers with exceptional customer service, whilst remaining one of the sector’s lowest cost operators. Product diversification will also play a role in the company’s mission for growth, but whether that will entail a move into feminine care or other tissue component products has yet to be revealed. As 2020 has made clear, we live in an unpredictable age, but Graham is certain that the company has the ideal workforce to overcome what may. The team didn’t leave any aspect of the business untouched. Our priority was safety, and then we focused on simplification and cost reduction, combining these with quality service, innovation and putting the customer first. The Group’s new ‘Brand Killer’ strategy was then added to the mix. Our aim was to offer the best possible value to consumers for the price paid.
The Board's longstanding vision for Accrol has been to build a diversified group of size and scale, better positioned to manage external risks and to capture the growing opportunity within the private label household and personal hygiene market. As we enter 2023, we believe the Group has made considerable, and demonstrable, progress in delivering against this vision. It sounds easy but actioning such significant changes across a business simultaneously is hugely challenging. Posted at 14/5/2023 19:57 by darrin1471chinahere, Accrol have been growing by volume and revenue and going forward Gareth wants to use the existing diverse UK customer base to introduce new products. Accrol Group is committed to the equal treatment of its workforce and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy and maternity, race or ethnicity, religion or belief, gender identity, or marriage and civil partnership. Accrol is currently my largest holding by some way on my belief that the FY23 end update due anytime soon (Tuesday 17/05/2022 LY) will give a very positive FY24 outlook.
Good businesses start with the best people
Our approach has always been one of simplification and to try and make sure we are one of the most efficient, lowest cost producers,” Graham states. “Clearly this will reduce the number of people needed within the business, as we plan to automate and robotize every aspect that we possibly can within the tissue production process. Over the last two and a half years, headcount has been reduced from a high of 690 to circa 300 people today, at the same time as we increased Group revenues. With a variety of trends available in the range we’re making it easy for shoppers to express themselves and find something to suit their individual personality whilst doing their weekly shop- whether that’s someone who loves working with bright neon colours, a detailed organiser who prefers neutrals or something in-between. In November 2020, Accrol completed its first major acquisition, buying Leicester Tissue Company (LTC) an independent supplier of private label toilet tissue and kitchen towel. Shortly after in April 2021, Accrol acquired John Dale, a highly scalable, flushable and biodegradable wet wipes business. With the support of our shareholders, bank (HSBC), and people, the business has been transformed and we are delighted with the progress made across all of these areas.
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