SPR secured by US
#2 paper merchant
2yrs+ private status hiatus
halted by major saviour
OP wholesaler SPR, formerly known as SPRichards, bought by a Yancey Jones led investment group in June 2020 from Genuine Parts has been acquired by the US #2 paper merchanting group CNG. This move was long anticipated given the OP dealer market demise and lack of SP investment in growth categories e.g. hygiene, foodservice and packaging. We look inside the deal...
