Contact Us

Retail Packaging Solutions Ltd

Retail Packaging Solutions Ltd

Mixed retirement and strategic exit for privately held packaging distributor.

April 2016

 

TURNOVER: £6,200,000

EMPLOYEES: 9

BUYER:   Hovat Limited

This opportunity came to SPC because the sellers knew of our work with other companies in the packaging and consumables industries. Although a relatively young company Retail Packaging Solutions had grown explosively. Two of the directors, already in their early sixties, had built and sold other companies in the industry and wanted to retire. A third, younger director wished to remain with the company.

The client accepted our suggestion of the following approach to finding a buyer:
 

    Direct contact with a research list over just over 200 owners and directors of packaging and consumable companies in the UK and overseas;

 

    A circular to our list of almost 3000 accountants and other professionals involved in company sales and purchases in the UK.

 
The sellers received three viable offers for the business. The offer from Kent based Hovat Limited offered both the best financial offer for the retiring shareholders, and the best personal fit for the remaining shareholder who stayed on as Managing Director of the company. From initial instruction to legal completion the sale took just under twelve months.

 

  • Date:May 2017

Leave a Reply

Your email address will not be published. Required fields are marked *

*

* Copy This Password *

* Type Or Paste Password Here *

20,510 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

UA-35460329-1