Par-Pak Ltd., part of the U.S.-based Waddington Group, has bought United Kingdom packaging firm Deltaform Ltd. and its subsidiary, Chiltern Thermoforming, for an undisclosed sum.
A rigid packaging specialist founded in 1992, Deltaform produces products for a range of end markets, including confectionary, meat, non-meat, bakery and dessert and non-food sectors.
The company is privately-owned and employs around 200 at its plant in Bridgwater, England.
Deltaform bought Chiltern Thermoforming, based in Aylesbury, England, out of bankruptcy in 2009, a move that secured around 60 jobs at the time.
The two companies had combined sales of 27 million pounds ($41.1 million).
The Deltaform/Chiltern deal follows Par-Pak's purchase of Holfeld Plastics, the Irish-based packaging firm, in September. Financial terms of that deal were not disclosed either.
In a statement, packaging giant Waddington of Covington, Ky., said the latest acquisition reinforced its European brand, “enabling us to achieve even more accelerated growth and expansion into new markets both in the U.K. and in Europe.
“Deltaform and Chiltern offer a complimentary portfolio and bring to the table an exciting breadth of products to a vastly extended customer base offering shared values, expertise and the widest customer knowledge.”
According to Waddington's statement, Deltaform founders Richard Adams and Steve Jones “will remain actively involved in the newly combined business,” and Ian Chedzey will stay on as manufacturing director, with Steve Pullan as Chiltern site director.
“Their extensive business knowledge and customer relationships will be of great value to the continued development of the new combined group,” Waddington added.