UK – Plastics raw materials distributor Plastribution Group has acquired Leicester-based thermoplastics sheet supplier, Eagle Plastics, for an undisclosed sum.
The move enables Plastribution to add a sheet business to its products division, which currently includes films and foil distributors, Plasfilms and Plasfoils.
Founded in 1994 and occupying a 10,000 sq ft site in Thurmaston, Eagle Plastics has 11 employees and supplies a comprehensive range of semi-finished thermoplastic materials to a diverse client base, including blue-chip organizations.
Since its inception, the company says it has achieved steady organic growth, increasing its national market share and pursuing expansion opportunities across a diverse range of sectors.
Upon completion of the deal, all staff at Eagle Plastics will be retained and integrated into Plastribution.
Darren Clarke, managing director, Eagle Plastics, said: “It is really exciting to be opening this new chapter in the history of Eagle Plastics.
“In addition to continuing the existing business, we are looking forward to expanding the product range and continuing to deliver the excellent service that has built our reputation, and in this regard, there is a great fit with the culture and values of Plastribution.
“Operating from our existing premises with the same team will make for a seamless transition and ensure a secure future for customers, suppliers and employees.”
Mike Boswell, managing director of Plastribution Group, added: “We are delighted to acquire this niche plastic sheet distribution business as part of our strategy to further develop sales of semi-finished plastic products.
“With its light manufacturing and in-house warehouse, Eagle Plastics has developed an outstanding reputation for quality and service.
‘The business will continue to operate from its current location in Leicester and we are delighted that Darren will continue in his role as MD. Looking to the future, we are planning to offer customers a broader range of material types, including eco-friendly products.”
Based in Leicester, Plastribution supplies a full range of polyolefins, styrenics, engineering polymers, specialties, masterbatches and custom compounds vital for a range of industries and markets, including, packaging, construction, automotive, medical, industrial, electronic and electrical applications.
Recently, Plasfilms, part of Plastribution and one of the UK’s leading distributors of films and supply chain services for businesses across the UK packaging and labeling industry joined the Food Packaging Association (FPA).
The FPA membership is comprised of members who are involved with food and foodservice packaging at some point along the supply chain.
This includes raw material and machinery equipment suppliers, packaging manufacturers, distributors and retail brands, foodservice and hospitality operators, waste processors and recyclers.
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