PRESS RELEASE
EMBARGOED UNTIL 00.01 MARCH 11TH 2015
CORPACQ WRAPS UP DEAL FOR NORTHERN PACKAGING
Investment group CorpAcq has completed the acquisition of a family-owned
packaging business in a multi-million pound deal.
CorpAcq, based in Altrincham, has bought Northern Packaging, which operates from
two sites in Skelmersdale, West Lancashire.
Northern Packaging employs 80 staff and turns over £12m a year. The business,
established 30 years ago, manufactures environmentally-friendly corrugated
packaging for customers in a range of sectors, including food and drink, retail and
healthcare.
Clients range from multi-national companies to small, family-run businesses.
It was previously owned by managing director Phil Bunting and members of his
family.
Mr Bunting remains as MD following CorpAcq’s takeover. The management team
also includes finance director Joy McEvoy and commercial director Ben Dack.
The deal takes the number of businesses in CorpAcq’s portfolio to 11, and marks its
expansion into the packaging sector.
CorpAcq chairman Simon Orange said: “This transaction is another example of our
strategy of acquiring profitable businesses with a track record of success and a
strong management team.
“Northern Packaging specialises in quality products and exceptional customer
service, and is committed to developing those attributes through continual
investment in plant and technology.
“We believe the skills of the management team, complemented by CorpAcq’s
strategic guidance and investment, will enable Northern Packaging to continue its
excellent progress.”
Mr Bunting said: “CorpAcq seems the perfect fit for Northern Packaging, with its
shared values and commitment to business growth.
“We’re in no doubt that CorpAcq will allow us to drive Northern Packaging forward
while maintaining our commitment to quality customer service and safeguarding the
future of our valued workforce.”
Lee Teste, of Summerlin Corporate Finance, and Matt Fleetwood and Mary Erb, of
law firm Fieldfisher, advised CorpAcq on the deal.
Lee Teste said: “Our research team identified Northern Packaging as an ideal
opportunity for CorpAcq.
“After meeting the management team, we were convinced of their operational
experience, enthusiasm and long-term commitment to the business and that
CorpAcq would be their ideal partner.”
ENDS
Notes to editors
A photograph of CorpAcq chairman Simon Orange is attached.
CorpAcq is a long-term investor in successful businesses which have a proven
operational management team and a track record of consistent profitability over a
number of years.
Simon Orange founded CorpAcq in 2006 and the business counts Betfred boss Fred
Done among its investors.
For more information, visit www.corpacq.com
Contact information
For more information on this story, contact CorpAcq chief executive David Martin on
0161 927 3113 or via david.martin@corpacq.com
CorpAcq’s media contact is Kevin Feddy. He can be contacted via
kevin@kevinfeddymedia.co.uk, 0161 300 8543 or 07770 543112.