Plastics Capital acquired Bell Plastics, Sanatech BNL and Trimplex
HMT provided transaction support services for the Directors of Plastics Capital, Octopus Asset Management and Investec Growth & Acquisition finance.
Plastics Capital was set up to build a group of niche plastics manufacturing companies, each with a strong market position and good cash generation characteristics.
In 2005, Plastics Capital acquired Bell Plastics before simultaneously acquiring Sarnatech BNL and Trimplex. The group currently comprises three separate businesses with factories located in Knaresborough, Leicester, Dartford and Poole.
Andrew Thomson of HMT commented:
“We were delighted to act for Plastics Capital on these acquisitions in its buy and build strategy. Completing due diligence on two separate companies simultaneously was a great success and we believe that these acquisitions provide an exciting opportunity for further growth.”