Packing firm in management buyout

MERSEYSIDE-headquartered printing and packaging specialist TW Parker (Paper) Ltd has undergone a management buyout.

Under the terms of the deal – brokered by the corporate and restructuring team at Forbes Solicitors – current directors Philip Hood and Eugene Roche are to stay on in new roles, as joint managing directors of the company as well as taking a controlling interest in the company through holding company, TW Parker (Holdings) Ltd.

TW Parker (Paper) is the UK’s premier supplier of labels, flexible heat sealed lids and label application onto plastic pots and bottles. The company was established in 1952.

Hood said: “The restructuring had been agreed for some time to enable us to move forward in a clear and dynamic manner. Even so the transaction could have been very difficult. We needed trustworthy and straightforward advice delivered on time.

“Eugene and I were delighted to work with Pauline and Jenny, who proved to be impressively professional”.

The transaction was led by Forbes partner Pauline Rigby with assistance from solicitor Jenny Burke.

Burke said: “We were delighted to assist the management team in completing the deal and look forward to working with them in the future as they move towards the next stages of growth for the company.”