Plastics Capital has acquired Flexipol Packaging Limited for a maximum cash consideration of £10.6m. The target offers complementary products and customers for Plastic capital’s existing packaging business. There are expected near-term cost synergies from increased buying power for the enlarged packaging business with long-term cross-selling opportunities.
"We were very pleased with the service and the detailed report that BDO delivered. Having now worked with this team on a number of transactions we value the strong working relationship we have built and look forward to working with them in the future".
Nick Ball, Plastics Capital Plc, Financial Director