Thu, 12 Apr 2012 | BUSINESS SALE
BRM Packaging has been sold to investment firm J Mindal for an undisclosed sum, it has been revealed.
The company, based in Wolverhampton, has a turnover of around £2 million and employs 45 people. The deal with Mindal secures the possibility of expansion and the more jobs in the future.
International accountancy firm Mazars advised on the sale, which, according to the Birmingham Post, was done for an undisclosed sum. It comes after managing director of BRM, Neil McLaughlin, took retirement. He is also the major shareholder and will remain with the company in a non-executive, part-time advisory position.
BRM is a well-established plastic thermoforming and contract packing business. Its main customers are in the industrial, electrical and domestic product-related sectors. Blister pack and point-of-sale products are the focus of its efforts in both the commercial and retail markets.
Speaking to the paper, Ian Taft, owner of J Mindal, commented on the purchase: “It is our intention to build on the company’s good reputation and we will be listening to our customers to see how we can grow our business with them.
“In addition we will be implementing a controlled programme of new investment in the company going forward which will generate new opportunities for local employment.”
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