LTC which was founded in 2014 by the Tejani family, is a “well-invested, fast growing, tissue conversion business” that supplies private label and branded toilet roll and kitchen towel to UK customers.
Accrol which purchased LTC earlier this month is a Lancashire based tissue converter, producing toilet roll, kitchen roll and facial tissue products for “many of the UK’s major grocery retailers” and large discounters.
Ayaz Tejani, managing director, LTC, said:“Cooper Parry were extremely approachable and more importantly listened to meet our needs. A characteristic that is completely undervalued today.
“The ability to understand the fundamentals and competitive positioning of the business allowed us not only to maximise shareholder value but unlock further gains. Albeit in a short space of time. I would highly recommend any owner-managed business to work with Cooper Parry going forward in an M&A capacity.”
Niall Chantrill, associate director, Cooper Parry, added: “LTC is one of the great local success stories and we are delighted to have supported the shareholders on this transaction.
“Under the stewardship of Ayaz Tejani, the business has grown exponentially since its formation in 2014, achieving double digit revenue and profit growth. The business is primed to deliver the next phase of its growth journey and we wish Accrol all the best in achieving this.”