Luxury packaging and creative papers manufacturer James Cropper has announced improvements in its revenues as part of its annual results to 1 April 2023. Over the year, which it said had been ‘transformational’ for the business, revenues increased by 24% to £129.7 million, with profit up by 4% to £4.8 million.
The Paper Products division at the company is still undergoing significant business transformation, with the Group’s established Speciality Paper business being brought together with Colourform, a plastic-free moulded fibre innovation for luxury packaging that is described as 100% recyclable.
‘Today, the business is transitioning to an advanced materials and paper products group, committed to creating a greater global presence for James Cropper and better serving our existing and new customers,’ said recently appointed managing director of Paper Products, Richard Bracewell.
‘The integration of Colourform into James Cropper Luxury Packaging will drive a unique and compelling proposition, building better efficiencies in our operating model and increasing relevance and scale in key markets.’
In the annual results, Colourform, maintained a strong sales pipeline and demonstrated 29% revenue growth, driven by innovative new market launches in the luxury drinks and cosmetics sector with brands such as Perrier-Jouët and Lancôme.
