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Bidding war for Paperlinx’s remains intensifies

Paper distributor Antalis is the alleged frontrunner in the race to take on Paperlinx UK’s visual technology solutions (VTS) business (formerly the Robert Horne division), after it emerged that a bid involving Jamie Herdman and axed former Paperlinx chief executive officer Andrew Price has been rejected.

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Former Paperlinx employee Jamie Herdman took to Facebook to explain why the bid for the company he played a part in was rejected, and names Antalis as the frontrunner

Herdman is the former Paperlinx employee who engineered the Crowdfunding.co.uk bid attempting to buy back the company from administrators Deloitte along with a backer he describes as a ‘London-based global investment firm who have a large portfolio of publishing businesses’—Metropolis International.

Herdman says of Price’s involvement: “He was a shadow part of the bid and was fully behind buying VTS, but he was restricted by his termination which is why he had to be careful.”

He announced on social media that ‘the bid from Metropolis International was rejected by Deloitte and they wish to pursue another bid placed by a party in a more advanced position’, before going on to name that party as Antalis, information he attributes to Andrew Price.

Andrew Price was a shadow part of the bid and was fully behind buying VTS, but he was restricted by his termination which is why he had to be careful



However, when questioned by former Paperlinx colleagues as to how Price obtained knowledge of an Antalis bid, Herdman could only speculate that it was because he was ‘in higher places than most’, prompting one disgruntled ex-Paperlinx employee to comment: “Seemingly Mr price dangles the proverbial carrot but seems unable/unwilling to put some conviction behind his alleged information? Shame! ”

Former employee Jamie Herdman confirmed the bid rejection on Facebook



Before the bid rejection, a question and answer session with Price was in negotiation, although as the subject matter was outlined as concerning the VTS bid and it was stated several times that it was not to be a slanging match from an angry former workforce, it is unclear as to whether this will go ahead.

If the purported bid from Antalis is accepted, the already strong company will undoubtedly be an unparalleled force within the sign and graphics industry.

If you have an interesting story or a view on this news, then please e-mail news@signlink.co.uk

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