Sustainable packaging solutions business acquired by French group

A Lincolnshire-based fibre products firm has been sold in a deal orchestrated by advisors from Deloitte and Grant Thornton’s Nottingham teams.

Moulded Fibre Products (MFP), which was founded in 2013, has been snapped up by French company CDL Omni-Pac Group for an undisclosed sum. MFP supplies sustainable packaging solutions for the fresh produce and healthcare markets.

The deal will see CDL Omni-Pac Group, backed by Motion Equity Partners and Arkéa Capital, expand its presence in existing markets and strengthen its position across Europe.

Deloitte’s head of corporate finance in Nottingham, David Jones, advised the majority shareholder on the deal, while Grant Thornton provided due diligence.

Jones said: “There is a huge demand for sustainable products and finding the right buyer who understood the industry, but who would also continue to support the existing management team in their ambitious growth plans, was essential.

“CDL Omni-Pac is already leading the way in providing sustainable solutions to multiple industries across Europe and a natural fit for MFP’s management team.

“We are delighted to have advised Richard at MFP on the sale of the business. It is a truly innovative business, making a positive, environmental impact across a wide variety of industries and it is great to see businesses like this flourish across the region and wish it every success during its next phase of ownership.”

CDL Omni-Pac is aiming to generate €100 million in revenues this year.

MFP chairman Richard Grimmer said: “Last year it was clear that the team had some very exciting and ambitious growth plans to take MFP to the next level and we decided it was the right time to bring in a new partner to support this growth.

“It was important to me to bring someone in who could support the business achieve its ambitions, but also someone who understood the industry and was aligned in values. In CDL Omni-Pac I believe we have found that partner. I look forward to remaining involved as a director of the business in this exciting next chapter.”

CDL Omni-Pac and Motion Equity Partners were advised by Bristows, PwC, ERM, Fidal, Mazars, GCCA and Gide.

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