Manufacturer’s acquisition of plastics company creates £30m turnover group

Leeds-based manufacturer and distributor PPB has acquired a plastics company in a deal which creates a £30m turnover business.

PPB’s purchase of N E Plastics will support its existing paper-based products business, industrial plastics unit and Westland digital display portfolio.

It said the deal will enable it to offer customers new products and services as well as offering further business opportunities in the South of England.

The acquisition comes a year after PPB moved to a specifically converted warehouse and office premises at Cross Green, including the relocation of its in-house state of the art sheeting and re-rewinding equipment.

The move increased its capabilities and storage to over 60,000 sq ft of warehouse space and represented a total investment of £3.75m.

Richard Proctor, director of PPB, said: “We are delighted to welcome NE Plastics to the PPB family. NE Plastics is a great business with a reputation for good service and honest dealings. This acquisition will allow customers to benefit from a wider choice of products and services, including state of the art conversion facilities. Stock levels and servicing will be enhanced by our national distribution network serviced by a new fleet of vehicles. Customers can be assured that it is business as usual, but with the ongoing security of dealing with a larger scale business that is investing in this growing sector.”

Law firm Shulmans advised PPB.

Partner Marcus Armstrong said: “Richard and the team have created an impressive business model at PPB which they continue to grow with this latest acquisition. The deal represents a commitment to expanding its operations in the south and is also helping to safeguard skilled jobs in the region. Having worked with PPB for some years now, Shulmans is delighted to see PPB go from strength to strength and become synonymous with high quality manufacturing and distribution within the sector.”

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