Paragon buys assets of label firm
Sessions of York, which specialises in the supply of self-adhesive products in the pharmaceutical, healthcare, personal care and household markets, was placed into administration on April 21.
In a statement, Paragon said: "On Thursday, April 22, Paragon Print and Packaging was made aware of the opportunity to purchase the assets of the business for the first time. Since then, negotiations with the administrator have been successfully concluded."
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Hide AdThe completion of the asset purchase is part of the Paragon Group's strategy to move into new market sectors.
MD Mark Lapping said: "We are pleased to have secured this excellent opportunity to purchase the assets of Sessions of York's label business. Sessions has an enviable market position and excellent reputation for quality and service, established almost 200 years, in the pharmaceutical, healthcare, personal care and household markets."