The intellectual property assets of the venerable paper making business, Tullis Russell Papermakers,are for sale following an instruction from administrators, KPMG to Metis Partners, the intellectual property consultancy with offices in London, Glasgow and the USA.
Founded in 1809, the Fife-based manufacturer, which went into administration earlier this year, has a lengthy, and highly-respected record of UK and export sales of paper products to over 120 countries with brand names including “Trucard”, “Mellotex” “Lustrulux” and “Gemini”.
- TRUCARD – the market-leading coated and uncoated SBS board brand specified by many premium global brands such as Morrison Bowmore.
- MELLOTEX – the trusted business paper brand, established in the 1930’s and the first product approved by Canon for colour copying.
- LUSTRULUX – the highly polished cast coated board brand.
- GEMINI – the cartonboard product brand acquired by the Company in a multi-million pound deal.
End-users include L’Oreal, Chanel, Hallmark, Swarovski and Finlandia.
Nat Baldwin, Head of Corporate Recovery at Metis Partners, said: “This is a unique opportunity to purchase the intellectual property assets of a long-established paper business, whose products are globally-recognised.
“We have already received huge amounts of international interest from paper merchants and paper mills and are confident of successfully completing the sale of these valuable assets shortly after the official deadline for offers on Thursday 16th July.”
The sale reinforces Metis Partners’ position as a broker of the intellectual property of leading brands. Previous successful IP sales include those of MFI, Land of Leather, Ortak, and Internacionale.
A full list of brands and assets for sale can be found here.