Belpac plans “aggressive” expansion under new owner
The new owner of Belpac has set out ambitious growth plans through acquisition over the next three years. Kevan Howley has acquired the thermoformed packaging manufacturer from Jeyes. The current management team will remain in place led by managing director Ian Blunt.
The new owner of Belpac has set out ambitious growth plans through acquisition over the next three years. Kevan Howley has acquired the thermoformed packaging manufacturer from Jeyes. The current management team will remain in place led by managing director Ian Blunt.
“I was looking around at what would be a good sector,” said Howley. “There are great opportunities in packaging and this is a profitable company and a good business to build.”
He added that, historically, Belpac’s turnover has been around the £2-5m mark. Howley is aiming to boost this to £20m in the next three years.
“We see great opportunities for profitable growth through sector consolidation, closer engagement in just-in-time supply chains and broadening our range of products and services to the client base,” he said.
Howley explained that there was also an opportunity for Belpac to win packaging manufacturing deals that were previously based overseas. Such a move would boost the green credentials for clients.
He added: “We are quite aggressively looking to add similar and complementary companies in packaging manufacturing and contract packing.
With a background in aerospace and automotive industries, Howley also worked at Birmingham-based finance firm The Shilling Group. He said that Wolverhampton-based Belpac would become a “superior tier-2 packaging company”.
Belpac operates in sectors including fresh food, bakery, confectionery, cosmetics, medical and industrial.
Source: Belpac
All content and features on this website are copyrighted with all rights reserved. The full details can be found in our privacy statement
