Packaging firm sold to £200m turnover group
Red Rose Packaging has been sold to one of the UK’s largest independent supplier of corrugated packaging.
The Stockport firm will now become part of £200m turnover Logson Group joining the company’s brands of Board24, Boxes and Packaging, Cases24, Jardin Corrugated and The Cardboard Box Company.
Red Rose, which was founded in 1985, employs nearly 40 staff and has an ‘outstanding industry reputation for innovation, service and quality.’
Its existing management team will remain with the business, continuing to lead Red Rose as a standalone business within the Logson Group, which has 19 locations across the UK and employs more than 1,000 people.
HURST has advised Red Rose Packaging on the company’s sale to Logson Group, UK’s largest independent supplier of corrugated packaging.
Katie Whitehead, sales director at Red Rose Packaging, said: “In joining Logson, we have the added security of being part of a larger group with a first-class reputation in our industry. “The Logson culture will allow us to maintain our independent flair, backed by the financial strength and scale of the UK’s largest independent corrugated supplier.
“We have exciting plans for our business and this move will only enhance our offering to both existing and new customers.”
Gareth Stell, Logson Group’s sales director, added: “The acquisition of Red Rose Packaging is a clear indication of our continued desire to grow within the UK market.
“We know the business and the management team well, from our position as a strategic supplier to Red Rose for many years. It is a formula that has served us well with previous acquisitions and I look forward to working with the Red Rose team in developing new growth opportunities.”
Ben Bradley, Danielle Tierney and Isabelle Luscombe, of HURST Corporate Finance, and Liz Gallagher and Sarah Haley of HURST’s tax team, advised the shareholders of Red Rose Packaging on the transaction.
Ruth Hargreaves and Rachel Brassey of Brabners provided legal advice to the shareholders.
Ben Bradley said: “It’s been a pleasure working with the shareholders over recent months. It was clear from the outset that Logson would be a great home for the business and we wish everyone all the best for the future.”
