Mediahuis Ireland, through its subsidiary Reach Group, has today announced the acquisition of Paramount Packaging Ltd, a leading supplier of food, industrial, luxury and pharmaceutical packaging products to an extensive range of business customers throughout Ireland.
The acquisition is in line with Mediahuis’ strategy to support its news wholesale business thereby protecting a route to market for its print publishing titles.
Commenting on the acquisition, Peter Vandermeersch, CEO Mediahuis Ireland said “This acquisition is evidence of our continued commitment to diversifying our wholesale division, to support the distribution of our print products to the widest possible audience for the longest possible time. By combining Reach’s extensive logistics infrastructure and customer base with Paramount’s excellent track record in design, sourcing and delivery of packaging products, we’re confident we can capitalise on potential synergies between the organisations and generate significant additional resources to prolong the lifespan of our market-leading print publishing titles.”
James Kavanagh, CEO of Paramount commented, “We’re delighted to have joined forces with Reach as it gives us access to their wide customer base and extensive distribution network which will add great value to the Paramount business. I look forward to working closely with the team at Reach to ensure a smooth transition of the business and to helping Paramount customers avail of the greater range of products we can now offer through Reach.”
Reach Group is a logistics and supply chain specialist, operating in a variety of sectors across multiple channels including grocery retail, hotels, cafés, delicatessens, schools, hospitals, medical centres, pharmacies, libraries and more. The company comprises a number of business units, including Reach-Delpac, a supplier of catering disposables, food-to-go packaging, hygiene products and luxury retail packaging; Reach Stationery, a leading stationery wholesale operation with an extensive range of market-leading brands including Supreme Stationery, one of Ireland’s most popular stationery brands; and Newspread – the most important distribution organisation for newspapers and magazines in Ireland.
Paramount Packaging was established in 1997 and is an industry leading importer, distributor & supplier of premium paper & environmentally friendly packaging solutions to customers spanning a number of market sectors including pharmaceutical, retail, food services, merchant & industrial. The company is located near Arklow, Co. Wicklow.
