Printpack selling UK operations to local managers

By Jim Johnson
Senior Staff Reporter

Published: May 9, 2014 1:11 pm ET
Updated: May 9, 2014 1:13 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Extrusion, Europe

Printpack Inc. is selling off its United Kingdom operations to local managers in conjunction with pension trustees.

The deal involves locations in Bury, Lancashire, and Saffron Walden, Essex, and 330 workers.

Plans are to change the name of the operations to Pulse Flexible Packaging Ltd. after the sale is finalized.

“With an MBO (management buyout) we can ensure a continuation of ‘business as usual’ for our employees, customers and suppliers. This is a very exciting opportunity for us all and there is enormous potential for the new company given our investment plans,” said Mike Collins, who will be appointed managing director.

The new company plans to add a new short run flexo press with an in-line cold seal facility in the months ahead.

The company said it will continue under the Printpack name “for a period” after the sale is completed before transitioning to Pulse Flexible Packaging.

Printpack, based in Atlanta, is a maker of flexible and specialty rigid packaging.


Comments

Printpack selling UK operations to local managers

By Jim Johnson
Senior Staff Reporter

Published: May 9, 2014 1:11 pm ET
Updated: May 9, 2014 1:13 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

PET to PET boosts recycling capacity

September 18, 2014 11:14 am ET

PET to PET Recycling Austria GmbH, a bottle-to-bottle PET recycling operation backed by Coca-Cola Hellenic Bottling and several beverage manufacturers...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events