Geldards advise Plastribution Group on the acquisition of Leicester-based Eagle Plastics
Geldards’ Corporate team has successfully advised leading UK plastics raw materials distributor Plastribution Group on the acquisition of another Leicester-based business, thermoplastics sheet supplier Eagle Plastics.
Plastribution Group’s core business is the distribution of thermoplastic pellets for injection moulding, extrusion and blow moulding industries and the acquisition fulfils the company’s growth strategy to offer a wider range of plastic products, to include a sheet business, in their products division.
Based in Thurmaston, Eagle Plastics supplies semi-finished thermoplastic materials to a diverse client base including blue-chip organisations. The business has eleven employees who will be retained at their existing site in Leicester, along with managing director Darren Clarke.
Debra Martin, Partner, Geldards comments:
“We were delighted to act for Plastribution Group on their acquisition of Eagle Plastics, the deal is a great fit for both companies, aligning their core values and seamlessly integrating their operations. We wish them every success for the future.”
Mike Boswell, Managing Director Plastribution Group said:
“The support and guidance which Geldards provided on our recent acquisition of Eagle Plastics was exceptional. Any complex issues were ironed out and the team handled everything with remarkable efficiency and diligence.”