Tullis Russell's intellectual property assets up for sale
The intellectual property assets of paper makers Tullis Russell have been put up for sale under the instruction of administrators KPMG.
Founded in 1809, the Fife-based manufacturer of brand names including Trucard, Mellotex, Lustrulux and Gemini went into administration earlier this year.
Nat Baldwin, head of corporate recovery at intellectual property consultancy Metis Partners, commented: “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 interested 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 16 July.”
End-users of Tullis Russell products include L’Oreal, Chanel, Hallmark, Swarovski and Finlanda. MFI, Land of Leather, Ortak and Internationale account for previously successful intellectual property sales brokered by Metis Partners.