LINPAC Materials Handling merges with Allibert
UK-based LINPAC Materials Handling (LMH) has announced today (Friday) that it has signed an agreement to buy Allibert, the French plastics company, allowing it to add new products and markets to its worldwide operation.
The proposed merger of the two European organisations will lead to greater opportunities to produce a wider range of Returnable Transit Packaging (RTP) products as well as a better service to customers on a local and international level.
The move is in line with LMH’s vision to deliver innovative, technologically-advanced packaging and material handling solutions for the food, retail, automotive and beverage markets.
Laurence Tanty, Managing Director of the LINPAC Materials Handling Division said: “The merger will allow us to create a dynamic business that will have the ability to deliver innovative, quality products and services to our customers.”
LINPAC Group’s Chief Executive, Mike Arrowsmith added: “The merger brings together two companies that complement one another, and that share the same strong values and customer service ethos.”
Allibert, part of the Myers Industries group, is a leading supplier of plastic products for industrial storage, handling and distribution, with an established reputation and a proven track record with UK and international companies.
Its operation, based in France, will complement LMH’s activities in the innovative plastic returnable materials handling products and services sector.
Mohsen Eskander, CEO of Allibert, said: “We are very excited about this opportunity. Allibert and LMH are two well-respected companies with brands recognised in the market place.
More…
LMH Merger … 2
“Bringing these together with a broader services and product offering will better serve our customers and their customers.”
The takeover agreement is subject to regulatory approval in a number of European countries.
In the meantime, it is business as usual for both companies, their customers and suppliers. Current sales and marketing strategies and existing product offerings will be unaffected.
Ends…
For more information please contact:
Vivienne Bailey on 07980 567576 Email: viv@getvital.co.uk
Liz Slee on 01926 463337 or email: lizs@getvital.co.uk
Notes to editors:
LINPAC
LINPAC Materials Handling is part of the £1bn plus LINPAC Group, formed in 1959. Its principle activities are in the plastic returnable materials handling products and services used predominantly in the food, retail, automotive and beverage markets.
LMH was behind the new shelf-ready system installed by Tesco, which speeded up Tesco’s bakery replenishment. LMH’s retail customer base includes Tesco, Asda, M&S, Sainsbury and Somerfield.
LINPAC was bought from the founding family shareholders in August 2003 through a management buy-out backed by Montagu Private Equity
Allibert
Allibert is part of the Myers Industries group. It manufactures and distributes reusable plastic containers and racking systems. It has been established in the storage and handling industry for over 35 years. Allibert has a proven record and reputation with many prominent UK and international companies.
Montagu Private Equity
Montagu is a leading private equity investor in the European mid-market with offices in London, Manchester, Paris, Dusseldorf and Stockholm. Over the last 38 years the firm has supported more than 400 businesses operating across a range of different segments and sectors, and currently has more than €3 billion under management. Montagu is focused on investing in management buyouts in partnership with the incumbent management team. The firm has a strong track record of delivering superior returns over time, an extensive network of contact and offers its portfolio companies capital, financial expertise and strategic assistance in order to unleash their full development and growth potential. For more information visit www.montaguequity.com or contact James Roddis on 020 7336 9955.