News: Cepac on acquisition trail
Cepac, a leading UK producer of corrugated and retail-ready packaging based in Rotherham, has confirmed that it has completed two acquisitions and reached an agreement on a third.
Founded in 1999, Cepac has established one of the largest and most technologically advanced corrugated packaging plants in the world in Manvers.
A deal has been finalised for DS Smith's Darlington operation, formerly known as SCA Branded Packaging. It had been pending approval from the European Commission, which was finalised on 19 December 2012.
DS Smith had to dispose of the business as a condition of the European Commission's approval of its £1.4bn acquisition of SCA Group's packaging business.
Cepac has also reached a further agreement with DS Smith to acquire its Specialty Packaging plant in Rawcliffe Bridge, East Yorkshire.
A third deal sees Cepac acquire point of sale display manufacturer, Screenprint Doncaster Limited.
The deals are expected to compliment the existing plant at Brookfields Park and see the company, which is part of the Yemen-based HSA Group, considerably expand its operations to meet increasing demand for high quality packaging across a range of sectors.
Rod Ainslie, managing director at Cepac, said: "Having built up Cepac over 13 years, we have established a strong position in the industry, serving a solid base of FMCG customers. As we welcome our new colleagues and customers, our priority for the immediate future is involvement, communication and clear direction.
"The addition of the former DS Smith operations in conjunction with Screenprint Doncaster will enable us to operate an independent multi-plant network within the UK, satisfying customer demand with a wide and complementary range of market-leading products and enabling us to expand our customer base."
The deal was supported by three Sheffield-based teams. Grant Thornton provided advisory services. Legal advisers were from Irwin Mitchell Solicitors and banking facilities were provided by Lloyds TSB.
Matt Ainsworth of Irwin Mitchell Solicitors said: "Cepac is already a very successful business and these acquisitions give it an even brighter future – this is truly a South Yorkshire deal and it's fantastic that a Sheffield based team of advisers and funders has been able to work together seamlessly to make this happen."
Cepac website
Images: cepac.co.uk
Founded in 1999, Cepac has established one of the largest and most technologically advanced corrugated packaging plants in the world in Manvers.
A deal has been finalised for DS Smith's Darlington operation, formerly known as SCA Branded Packaging. It had been pending approval from the European Commission, which was finalised on 19 December 2012.
DS Smith had to dispose of the business as a condition of the European Commission's approval of its £1.4bn acquisition of SCA Group's packaging business.
Cepac has also reached a further agreement with DS Smith to acquire its Specialty Packaging plant in Rawcliffe Bridge, East Yorkshire.
A third deal sees Cepac acquire point of sale display manufacturer, Screenprint Doncaster Limited.
The deals are expected to compliment the existing plant at Brookfields Park and see the company, which is part of the Yemen-based HSA Group, considerably expand its operations to meet increasing demand for high quality packaging across a range of sectors.
Rod Ainslie, managing director at Cepac, said: "Having built up Cepac over 13 years, we have established a strong position in the industry, serving a solid base of FMCG customers. As we welcome our new colleagues and customers, our priority for the immediate future is involvement, communication and clear direction.
"The addition of the former DS Smith operations in conjunction with Screenprint Doncaster will enable us to operate an independent multi-plant network within the UK, satisfying customer demand with a wide and complementary range of market-leading products and enabling us to expand our customer base."
The deal was supported by three Sheffield-based teams. Grant Thornton provided advisory services. Legal advisers were from Irwin Mitchell Solicitors and banking facilities were provided by Lloyds TSB.
Matt Ainsworth of Irwin Mitchell Solicitors said: "Cepac is already a very successful business and these acquisitions give it an even brighter future – this is truly a South Yorkshire deal and it's fantastic that a Sheffield based team of advisers and funders has been able to work together seamlessly to make this happen."
Cepac website
Images: cepac.co.uk
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