Staples Disposables Limited
LGB Corporate Finance has arranged a £5 million medium term note (MTN) programme as part of an acquisition finance package
Staples Disposables Limited, a privately owned British tissue manufacturer, has completed the establishment of a £5 million secured MTN programme as part of an acquisition finance package which saw the company acquired by Better All Round Limited. LGB Corporate Finance acted as arranger and provided advice on the structure and terms of the acquisition finance package.
Better All Round Limited ("BAR") is an innovative household paper towel business operating the Ora brand, the world's first round "one hand grab" paper towel. Founded in 2012, it is currently listed in Tesco, Asda, Ocado, Amazon.co.uk and in the US in Wegmans and Amazon.com and has won multiple awards for category innovation and design.
BAR's acquisition of Staples Disposables, a company founded in 1974 and operating from a manufacturing facility in Grantham, Lincolnshire, presents strategic advantages and growth opportunities to both businesses whilst enabling an exit for Staples' owner managers.
The establishment of the £5 million programme was completed concurrently with a £2 million issue under it.
Staples Disposables has since been renamed Consuma Paper Products.