Company Announcement
LEADING FOOD SERVICES MANUFACTURERS AGREE DEAL THAT WILL CREATE MARKET LEADERSHIP POSITIONS FOR BOTH BRANDS
Swan Mill Paper Company Ltd ('Swantex') and F Bender Limited ('Benders'), two of the UK's leading food services manufacturers announce today the sale of Benders' tabletop business to Swantex.
As a result of the deal, Benders will pursue its intention to become the UK's leading vending and hot cup supplier through a programme of capital investment. Swantex will become the market-leading tabletop producer in the UK, encompassing napkins and tableware.
Andy Cunliffe, Managing Director of Benders said: "The divestment of our tabletop business to Swantex has been a key element in consolidating our position as a dedicated paper cup manufacturer. As a result of this deal, and working alongside our investors, we intend to strengthen our position in the paper cup market through a programme of investment".
With joint customers and a long history in the food service market both companies will work very closely together to ensure a smooth transition.
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