Member Article

Altrincham’s CorpAcq wrap up acquisition of packaging business

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.”

Steven Gordon of SMG-CF provided due diligence advice. Jon Ballard, of Ballard Evans Corporate Finance, advised Northern Packaging.

This was posted in Bdaily's Members' News section by Sophia Taha .