12 Feb 2018
Shaw Gibbs supports Excelothene with strategic acquisition
Shaw Gibbs Corporate Finance team have assisted Excelothene, a leading supplier in polythene packaging, with its strategic acquisition of Shrink 1st.
Excelothene have been delivering packaging supplies for over 25 years, they have a product portfolio which includes: stretch wrap, pallet wrap, bag and covers. Their reputation for customer excellence and advising end-users on protecting the environment by using products efficiently as well as offering a recycling service has made them a key supplier to many businesses both within their region and nationally.
Shrink 1st is a leading shrink and stretch packaging specialist who have been in existence since 1979. They wrap and protect a wide range of items, including boats, cars and bicycles.
Shaw Gibbs played a major role in supporting the acquisition process from initial project conception through to completion including deal structuring, due diligence and overall project management. The transaction represents a major stepping stone in the continued growth of Excelothene.
Gavin Jones of Excelothene said
“This acquisition is an important part of our growth strategy and helps ensure that our business will continue to provide an excellent service and quality of product to its customers old and new”
Daniel Hayes, Corporate Finance Manager at Shaw Gibbs said “It was a pleasure to work with Excelothene and support the business in its ambitions to solidify its position as a key player in the UK packaging market”
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