Corrugated packaging specialist Red Rose Packaging has been taken over by the £200m Logson Group in a deal that will see it maintain its own brand identity and plan for growth.
Red Rose, of Stockport, was founded in 1985 and employs some 40 people. Its existing management team will continue to lead it as a standalone business within the Logson group.
Logson Group, based in Coalville in Leicestershire, owns brands including Board24, Boxes and Packaging, Cases24, Jardin Corrugated and The Cardboard Box Company. it employs more than 1,000 people at 19 locations across the 海角视频.
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Ben Bradley, Danielle Tierney and Isabelle Luscombe, of HURST Corporate Finance, and Liz Gallagher and Sarah Haley of HURST’s tax team, advised the shareholders of Red Rose Packaging on the transaction.
Ruth Hargreaves and Rachel Brassey of Brabners provided legal advice to the shareholders.
Mr Bradley said: “It’s been a pleasure working with the shareholders over recent months. It was clear from the outset that Logson would be a great home for the business and we wish everyone all the best for the future.”
Katie Whitehead, sales director at Red Rose Packaging, said: “We are delighted to have found such an ideal fit.
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"In joining Logson, we have the added security of being part of a larger group with a first-class reputation in our industry.
"The Logson culture will allow us to maintain our independent flair, backed by the financial strength and scale of the 海角视频’s largest independent corrugated supplier.
“We have exciting plans for our business and this move will only enhance our offering to both existing and new customers.”
Gareth Stell, Logson Group’s sales director, added: “The acquisition of Red Rose Packaging is a clear indication of our continued desire to grow within the 海角视频 market.
“We know the business and the management team well, from our position as a strategic supplier to Red Rose for many years. It is a formula that has served us well with previous acquisitions and I look forward to working with the Red Rose team in developing new growth opportunities.”