Tuesday, October 20, 2015

News: Package deal for Cepac

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Cepac, the UK's leading independent corrugated packaging supplier based in Rotherham, has completed the acquisition of Woodhill Printers.

The deal to buy the Alfreton-based company, which also trades as Amber Valley Packaging, is the latest corporate transaction as it continues to expand and builds on its market position by acquiring businesses that add to its unrivalled service offering.

Founded in 1999, Cepac has established one of the largest and most technologically advanced corrugated packaging plants in the world in Manvers. It is part of the of the Yemen-based HSA Group and works with leading brands such as Crabbie's, Tayto and The Carlsberg Group. By pioneering "performance packaging," the business has grown to become the UK's fourth biggest integrated corrugated packaging provider.

Legal advice for Cepac on the deal was provided by Matt Ainsworth and Michael Hall of Irwin Mitchell. Claire Davis of Grant Thornton in Sheffield provided corporate finance advice and was supported by Fletcher Adamaowicz from a tax perspective.

Matt Ainsworth, partner at Irwin Mitchell, said: "Cepac is a leading player in the corrugated packaging sector and this deal will no doubt strengthen its position in its chosen markets. The newly acquired business shares Cepac's customer orientated-approach as well as its vision to be a true innovator in a competitive market and I have no doubt that it will support further growth at Cepac.

"This is another important deal for Cepac and we are delighted to have advised the business on its latest transaction."

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Cepac has made a number of other deals in recent years including the acquisitions of DS Smith's corrugated packaging operations in Darlington and Rawcliffe Bridge and the acquisition of point of sale display manufacturer Screenprint Doncaster Limited.

Claire Davis, director at Grant Thornton, added: "Together with Irwin Mitchell, we have advised Cepac on four acquisitions in the last three years and it's great to see the company continuing to look to the future and seize opportunities to grow with the addition of these complementary businesses."

The company has established itself as an innovator, both in terms of print, performance technology and retail ready packaging. Its newest development is H-DNA - high-definition performance packaging - which involves 300 lines per inch printed packaging, twice as fine as the 150 lines per inch widely used, and brings "glossy magazine cover" clarity to litho printed corrugated packaging with little or no on-cost.

Now with over 500,000 sq ft at four sites in the UK, the benefits of the acquisitions were seen in Cepac's financial results for 2014. Sales increased significantly as opportunities were leveraged across the businesses resulting in increased profits. Turnover for 2014 was £86.5m, up from £77.3m in 2013. Profit before tax for the year was £6.2m, up from £5.5m in 2013.

Cepac website

Images: Cepac

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