J Mindal happy with deal package as BRM shows its potential
BLACK Country investment company J Mindal Ltd is pressing ahead with expansion plans at contract packaging firm BRM Packaging just eight weeks after it completed its acquisition of the manufacturer.
A further six jobs have been created with the signing of a deal between BRM’s transport division and international freight delivery network PALL-EX, which will enable Wolverhampton-based BRM to ship customers’ products – from a single pallet or van load up to a full articulated lorry load – anywhere in the UK and Europe.
Ian Taft, director of Halesowen-based J Mindal, said: “I am delighted with the purchase because the company has a lot of untapped potential, an excellent management team, and skilled work force.
“We have a number of things we are currently doing internally in order to capitalise on new business opportunities so that we are ready to increase sales and expand further.”
BRM Packaging designs, produce tools and manufactures bespoke packaging, including printing, to a wide range of customers. It is one of the country’s leading makers of plastic thermoformed packaging and point-of-sale blister packs.
Taft, who was advised by Dudley-based corporate law firm Hawkins Hatton in the purchase of BRM, suggests it has plenty of scope for development because major companies are being forced not only to rethink their product importing policies, but also remove packaging because of rising shipping costs.
“These changes mean that more goods will be packed in the UK once more, resulting in greater flexibility and reduced stock holding requirements,” he said. “This is very good news for BRM Packaging, which is a specialist in its field.”
Colin Rodrigues, corporate partner at Hatton Hawkins, said: “The potential for expansion at BRM Packaging was the driver for J Mindal Ltd to pursue the deal.”
BRM has a turnover of £2m turnover and employed 45 people at the time of the deal in April.
