Grow A Business

We had some very specific needs in terms of exit plans and Benchmark International understood that. They really understood how to present to prospective acquirers and put us first in that sense, and they were better than we’ve had before, after having worked with others in the same process that didn’t go through.

It’s too early to assess impact on the business but we do not envisage any major changes to the business or our strategy. With express lead times and the extra-mile service that the business has been built on, ‘can do’ is our slogan. As much of the packaging sector is losing its way with high-profile acquisitions the business was keen to find a home where the key strengths would be retained. We were happy to find a private equity company whose main philosophy was to buy and hold not buy and sell.

By using our US funds to buy in the UK we are taking advantage of the strong US dollar and historically weak UK pound, while also dramatically increasing our portfolio's geographic diversification. We have spent a lot of time evaluating the risks associated with the UK and Brexit and we feel that there are still plenty of opportunities to buy exceptional companies who will remain strong and successful regardless of the future economic outcomes for the country.

The Benchmark team was invaluable throughout the deal. They recommended that we use the same attorneys they previously worked with for Rx30. With Benchmark and the attorneys’ combined knowledge of previous deals and industry standards, we knew that they would be the only representatives that would be able to agree to a great deal on our behalf while keeping our priorities in mind. The combination brings two companies with similar cultures and philosophies together to provide better resources for our clients.