Straight and MGB Plastics become part of £120m turnover OnePlastics Group
TWO Yorkshire-based manufacturers of wheeled bins and recycling containers have become part of a new plastics company, which boasts a combined turnover of £120m and is targeting an ambitious growth plan over the next few years.
Yorkshire businesses Straight and MGB Plastics have become part of seven companies that have come together under a new brand called OnePlastics Group.
Parent firm One51 says the new group has been created with a vision to be the “leading provider of plastics products to a variety of sectors.”
OnePlastics Group plans to grow its client base organically by delivering innovative solutions and by acquiring strategic targets such as the recent purchase of Straight.
Conor Sugrue, commercial director of OnePlastics Group, said the new OnePlastics Group brand will be driven by investment within the portfolio of businesses and the launch of new products.
“The launch of OnePlastics Group is a unique and innovative step and we have very ambitious plans for this new brand,” Sugrue said.
“The plastics division within One51 group and businesses such as our operations in Yorkshire have been enjoying strong growth in recent years.
“The creation of the OnePlastics Group brand as a separate entity will give us a strong platform to realise our vision of becoming a leading manufacturer of plastics products in each of the sectors in which we operate.
“Bringing all the businesses together with all their different capabilities makes sense from a strategic level and also gives our customers access to a very strong offering in terms of price, service and innovation.”
He added: “As part of our growth policy we will continue to invest in the businesses within OnePlastics Group. This will allow us to maintain the highest quality standards, employ talented staff and continue leading the market with new products.”
Straight, based in Leeds, operates a manufacturing site in Hull while MGB Plastics is based in Rotherham.
OnePlastics Group will now boast a combined turnover of around £120m and will employ 450 people servicing a range of blue chip multinationals.
It will design and manufacture a range of products across a number of key markets and sectors and will also offer full contract manufacturing and related services.
Alongside Straight and MGB Plastics, the other businesses that comprise OnePlastics Group include Protech Performance Containers in the UK, Protech Performance Plastics and Thormac Engineering in Ireland and Protech Plastics China in Shanghai. It has also created a new support office in Boston, USA.
One51 operates a portfolio of businesses in specialised sectors including environmental services, renewable energy and injection moulding plastics.
