Investment group CorpAcq has forayed into the packaging industry with the acquisition of UK-based Northern Packaging for an undisclosed amount.
Based in Altrincham, Northern Packaging operates from two sites in Skelmersdale, West Lancashire and employs 80 people.
Northern Packaging manufactures eco-friendly corrugated packaging for customers in the food, drink, retail and healthcare sectors and has an annual turnover of around £12m.
All products manufactured by the company are said to be made from 100% recyclable, biodegradable fibre, while its clients include multi-national companies and small, family-run businesses.
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."
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."
CorpAcq was advised by Lee Teste of Summerlin Corporate Finance and Matt Fleetwood and Mary Erb of law firm Fieldfisher.
