According to Avalon founder Andrew Armitage, the deal will give his company the opportunity to grow on an international scale.
Theres a great synergy between the two companies, with VantagePoint specialising in the corrugated market and Avalon in the folding carton market. We could have gone it alone, but we want to grow as quickly as possible. This gives us the chance to have an immediate presence in North America with an existing infrastructure, said Armitage.
The Avalon name will not disappear immediately, but Armitage will become managing director and vice-president of VantagePoints Retail Packaging division.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Business is 'on solid ground'
PCP chairman takes majority stake
Ease of use highlighted
Tech-ni-Fold targets folder performance with new scoring device
Launch due next year
Norske Skog Skogn mill to enter book paper market
Winners announced