# Paper Retail Acquisitions Paper Source is Likely to Be Sold to Elliot Investment Management By Daniel Johnson | Published 2021-05-11 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/paper-source References: [retaildive](https://www.retaildive.com/news/paper-source-to-be-acquired-in-ch-11-by-owner-of-barnes-noble/599956/) & [papersource](https://www.papersource.com/) Paper Source, which recently had to be sold in Chapter 11, announced that it will be acquired by [Elliott Investment Management](https://www.trendhunter.com/trends/echo-pads) after it was successful in the bidding process. The deal includes $40 million in cash and also $51.6 million as first-lien debt. Elliott Investment Management had also acquired Barns & Nobel in 2019. Paper Source was initially started by Susan Lindstrom in 1983, where the company was one retail location in Chicago selling [handcraft paper](https://www.trendhunter.com/trends/eccolo) in the United States and around the world. The company had a total of 27 locations in 2007 and it was in an [expansion phase](https://www.trendhunter.com/trends/knit-sew-shop) at the onset of the pandemic. The Paper Source acquisition will now have to be approved by a federal bankruptcy court. Image Credit: Shutterstock ## Trend Insights (Trend Hunter) - Score: 2.1/10 - Popularity: 12% | Activity: 40% | Freshness: 10% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### Why This Trend Is Growing - **Retail Industry Consolidation:** As more struggling retailers file for bankruptcy, there will be an increase in mergers and acquisitions as larger companies seek to acquire struggling ones. - **E-commerce Growth:** With the pandemic accelerating the shift towards online shopping, retailers will have to invest in their e-commerce platforms to remain competitive. - **Sustainability in Paper Manufacturing:** With increasing demand for eco-friendly products, paper manufacturers will have to adopt sustainable practices to reduce their environmental impact. ### Industries Being Reshaped - **Retail Industry:** With more retailers being impacted by COVID-19, retailers will have to adapt to changing consumer habits to survive. - **Paper Manufacturing Industry:** As demand for paper and paper products decreases due to digitization, manufacturers will need to explore new product lines and markets to continue growing. - **Private Equity Industry:** Private equity firms, like Elliott Investment Management, will continue to seek opportunities to acquire struggling companies and turn them around for a profit. ## Related on Trend Hunter - [Sustainable Stationery Expansions](https://www.trendhunter.com/trends/papier.md) - [Designer Stationary Series](https://www.trendhunter.com/trends/paper-source-1.md) - [Specialty Sandwich Restaurant Acquisitions](https://www.trendhunter.com/trends/racetrac-acquired-potbelly.md) - [Wholesale Bakery Acquisitions](https://www.trendhunter.com/trends/qualitech-ellison-bakery.md) - [Eco Paper Crafting Toys](https://www.trendhunter.com/trends/paper-fx.md) - [Healthy Drink Manufacturer Acquisitions](https://www.trendhunter.com/trends/pepsico-poppi.md) - [Bespoke E-Commerce Packaging](https://www.trendhunter.com/trends/packhelp.md) - [eCommerce Packaging Partnerships](https://www.trendhunter.com/trends/cmc-packaging-automation.md) - [Beauty Retailer Acquisitions](https://www.trendhunter.com/trends/estee-lauder-acquired-deciem.md)