FDBusiness.com

Mercury Packaging and CPS Flexible Merge

 Breaking News
  • Orkla Moves into New HQ Orkla, the Nordic region’s largest branded consumer goods company, has moved into new headquarters in Oslo, Norway. The move marks a new era in the company’s history, with Orkla’s businesses in Norway now assembled under one roof. More than 900 Orkla employees are based in the new office premises. “The building we are now moving into is [...]...
  • New Heads For Carlsberg Group’s European Businesses Lars Lehmann has been appointed as Executive Vice President (EVP) for Carlsberg Group’s Eastern European region and as a member of the global brewer’s Executive Committee (ExCom). He will replace Jacek Pastuszka, who will change from EVP Eastern Europe to Western Europe, while current Western Europe EVP Chris Warmoth reverts to Group Strategy as EVP. Effective [...]...
  • Rising Prices Drive Irish Grocery Sales Growth The latest figures from Kantar Worldpanel show the Irish grocery market grew by 3.5% in the 12 weeks to 24 February 2019, putting the sector on a solid footing as the UK finalises preparations to leave the EU. After a prolonged period of deflation, an upward trajectory in grocery prices is making a significant contribution [...]...
  • New EU Rules to Ensure Fairness in the Food Supply Chain The European Parliament has approved a new set of EU rules that will blacklist practices, such as late payments for delivered products, late unilateral cancellations or retroactive order changes, refusal by the buyer to sign a written contract with a supplier and the misuse of confidential information. Threats of retaliation against suppliers, for instance delisting [...]...
  • Mondelēz International Invests in Prebiotic Functional Snacks Mondelēz International has taken a minority investment in Uplift Food, a US-based early-stage start-up focusing on prebiotic functional foods. This is the first venture investment the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. A key pillar of the company’s consumer-centric growth [...]...

Mercury Packaging and CPS Flexible Merge

Mercury Packaging and CPS Flexible Merge
March 06
08:00 2017

In a key strategic move designed to increase capacity and boost production efficiencies, Mercury Packaging and CPS Flexible have merged to form a major flexible packaging company with a combined turnover of some £16 million and forecasted growth of 25% over a three-year period.

The newly-formed BRC (British Retail Consortium) accredited business will operate under holding company, Quicksilver, but retain the Mercury Packaging and CPS Flexible brand names. Primarily targeting the food, publishing, retail and security markets, it will run from the existing state-of-the-art production facilities located in Nottingham and Leicester.

Backed by a dynamic senior management team, the merged company offers high performance production equipment, including six extruders, three print presses and a range of converting machines, as well as lamination and in-house design capabilities.

Tony Stanger, new Group Chairman, comments: “This transaction brings together two highly complementary and long-established organisations to create a new, more powerful flexible packaging company designed to further enhance our expertise and capabilities.”

CPS Flexible has extensive extrusion capability for the production of both polythene (PE) and polypropylene (PP) films to complement their print and bag-making functions. Mercury Packaging does not offer extrusion but boasts printing, conversion and lamination competencies.

“The individual businesses have been very successful and achieved sustainable levels of profit but capacity was starting to become an issue and a potential obstacle to future growth,” adds Tony. “It became evident very quickly that there were several areas for synergy between the companies.

“Despite both operating within the food and publishing markets, there are very few common customers and significant areas where Mercury Packaging could benefit from CPS Flexible’s extrusion capabilities. Likewise, the former’s lamination equipment will be an advantage for CPS Flexible.”

Going forward, Mercury Packaging’s Chairman, Tony Stanger, will take on the role for the group, and CPS Flexible’s current Production Director, Simon Rose, will become Group Managing Director.

Other key group roles include Ray Franks as Sales Director, David Mallison as Finance Director and John Fisher as Production Manager.

Group MD, Simon Rose, says: “This is an extremely positive move for our businesses with customers benefitting from the two companies’ combined 65 years’ experience in the flexible packaging industry. Plus both organisations have a strong sense of shared vision and values, highlighting a natural synergy in terms of what we do and how we do it.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements