Fri, 13 Sep 2024 | BUSINESS SALE
Beltline Capital, a Manchester-based business incorporated in April 2023, has continued its buy-and-build growth strategy with the acquisition of Bury-based packaging manufacturer Expert Packaging Limited in a multimillion-pound deal.
The acquisition was supported by a £2.25 million funding package from Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL). The facility comprises a confidential invoice discounting line and term loan, provides financing for the transaction and ensures additional post-acquisition working capital, along with fresh equity from a high-net-worth investor.
Expert Packaging operates from locations in the North West, including a newly-refurbished 15,000 sq ft warehouse in Bury. The firm provides a range of services, including the manufacture and wholesale of corrugated cardboard packaging, ancillaries and consumables.
While the deal continues Beltline’s buy-and-build activity in the corrugated cardboard market, following its acquisitions of First Packaging Services and Leighton Packaging last year, it is also described as a step-change in the group’s revenue and profit profile. It is thought that Expert Packaging’s driven management team will help support the next phase of Beltline’s expansion.
Expert Packaging Director Adam Crichton-Prince stated that, as part of a larger group, the company was in a strong position to build on its £8 million turnover and continue its growth trajectory.
He continued: “Our success is founded on exceptional customer service, and this acquisition will allow us to work with other businesses in the group to drive further growth. We are excited about the opportunities this new chapter brings for Expert Packaging and our customers.”
Arbuthnot Commercial ABL Commercial Director Andrew Rutherford said that the acquisition was a “perfect fit” for Beltline’s “visionary approach to creating a diverse group of specialised companies in the packaging sector”.
Rutherford added: “We have always thrilled to support buy-and-build transactions that enable groups to expand their service offerings and extend their geographical reach.”
“Our facilities provide Beltline with the additional headroom to proceed with further acquisitions, and we look forward to fuelling their buy-and-build strategy in the years to come.”
Find out about the range of alternative financing options for businesses seeking to grow through acquisitions
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
Offered to market is this well established and highly reputable manufacturer providing design and fabrication services as well as a range of innovative and premium quality products to this niche sector. The business also offers comprehensive maintena...
Offered to market is this well established and highly reputable independent manufacturer of high quality, decorative lighting solutions. Providing the full suite of end to end services from design, manufacture and delivery, the business has forged a...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.