Italian luxury packaging firm boxes up deal for Leicester counterpart
Leicester-based packaging firm Pollard Boxes has been sold to Italian counterpart Pusterla 1880.
Pollard Boxes designs, manufactures and supplies luxury packaging for the beauty, drinks, gift, entertainment and corporate markets aligning perfectly with Pusterla’s international presence in the luxury packaging market.
Freeths team led by Tom Brown, Mohammed Abbas (senior associate – corporate) and Richard Ferguson (managing associate – Tax) worked alongside a team from Cavendish Corporate Finance led by partners Linda Sullivan and James Ellis to see the transaction through to completion.
Mark Pollard, managing director of Pollard Boxes will now take up the role of managing Pusterla’s UK operations.
He said: “Tom and his team repeatedly demonstrated the value of having 1st class legal advice and support throughout the sale process. The depth and breadth of their experience and expertise was a major contributor to achieving an excellent outcome for the shareholders, company and staff. A big thank you to Tom, Mohammed, Richard and the team at Freeths”.
Brown added: “We were delighted to work with Mark, his family and the Cavendish team. We’re sure that this marks the beginning of a fantastic new relationship between Pollard Boxes and Pusterla”.
Linda Sullivan, partner and head of the media and digital technology team at Cavendish, said: “In this transaction we achieved an excellent result for all the Pollard shareholders and with Mark Pollard still at the helm I feel sure that the combined Pusterla and Pollard operations have a great future.”