At least 30 Paperlinx UK staff are safe from redundancy as a local paper merchant buys the stricken company’s reel paper business out of administration.
Premier Paper has bought the assets of two Paperlinx subsidiaries that supplied paper to the business forms, direct mail, and high-speed inkjet markets.
The operation will be called Premier Reel Paper and will operate out of its existing purpose-built site near Nottingham.
[Related: The ups and downs of Paperlinx]
According to ProPrint sister magazine PrintWeek, there is no interest in Paperlinx’s commercial print operations but more deals could be made for some of its specialty divisions, particularly its wide format operations.
The magazine says another 70 staff at three Paperlinx UK sites have been made redundant, leaving about 260 still employed – with likely more cuts to come.
There is no news on the sales process of other European operations, as Paperlinx attempts a wholesale exit from the region.
The Paperlinx share price is maintaining its post-trading halt bounce, up 13 per cent so far today to 2.6c.
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