Following a extremely profitable first 5 years in enterprise and continued growth for Aberdeen-based packaging firm Packed Up, founders Sean McConochie and Samantha Wright have introduced an thrilling milestone as the corporate joins forces with Northern Eire packaging provider Hub Packaging to facilitate additional development.
The deal closed in April for an undisclosed sum and brings collectively two dynamic, forward-thinking companies within the UK’s packaging trade while offering scope for additional funding in Packed As much as develop its robust buyer base throughout Jap Scotland and lengthening its attain throughout Scotland over time.
With a shared focus in providing prospects packaging options which meet their distinctive necessities and an emphasis on offering sustainable and revolutionary choices, this partnership brings collectively complementary strengths and shared values which can allow each companies to boost the help, experience and assets accessible to purchasers.
Turning into a part of the Hub Packaging Group will allow the crew at Packed As much as provide a wider product vary to the sectors they service together with engineering, know-how, offshore, meals and retail. Plans are in place to spend money on new capabilities and broaden their providing, while day after day operations will stay largely unchanged with the total Packed Up management crew, workers, amenities and model retained.
Commenting on the newly solid partnership Sean McConochie, Managing Director at Packed Up stated, “From the preliminary dialogue with Hub, we have been impressed with their dedication to growing relationships with their prospects for all times. They clearly perceive what prospects worth, then work exceptionally laborious to ship it, repeatedly. Each companies share a standard worth set, and it made all subsequent discussions constructive and ahead trying. Hub have loved yr on yr development of circa 20% CAGR (Compound Annual Progress Charge) over the previous decade, so that they perceive find out how to construct a compelling proposition for patrons.”
Reflecting on the completion of this deal which was months within the making, Hub Packaging CEO Andrew Ward stated, “Linking up with Packed-Up made excellent strategic sense; we have now been contemplating a transfer into Scotland for some-time and now have the chance to totally leverage the experience which exists within the Packed Up crew. From day one we have been extremely impressed with the crew and their dedication, vitality and information. We now sit up for persevering with to work carefully with Sean, Sam and the broader Packed Up crew to realize our bold development plans.”
Based in 2021, Packed Up has constructed a powerful repute with prospects, shortly turning into recognised as a trusted packaging companion within the Northeast of Scotland. The enterprise at the moment employs ten workers with a repute for being responsive, dependable and buyer centric.
A number one packaging provider on the Island of Eire, Hub Packaging was based in 1977 by Ben Crozier. Over the previous decade beneath the management of CEO Andrew Ward the enterprise has grown turnover from £3m to £25m+. Lately, the corporate has introduced an bold development plan to achieve £40m+ turnover within the subsequent 5 years with the strategic appointment of David Quigley, previously of Coca-Cola Hellenic, as their Chief Income Officer to form and drive the corporate’s business technique. The acquisition of Packed Up is considered one of a sequence of deliberate, strategic alliances and acquisitions to boost Hub Packaging’s providing, attain and place inside key sectors.
