A Black Country cardboard packaging supplier is under new ownership following an acquisition led by GIL Investments Limited (“GIL”).
The transaction will see Andy Sandland, the founder and majority shareholder of Sandland Packaging exit the Bilston-based business. The management team will be led by husband and wife team Martin and Joe Hickman, Andy Batha joins the management team as Sales Director with Robin Welch, formerly of GI Solutions Limited (now Go Inspire), a GIL portfolio company, joining the board as Chairman.
Sandland Packaging was established over 30 years ago and specialises in the production of cardboard packaging for customers across the UK. The firm operates a complete service, including packaging design, manufacture and delivery through its fleet of lorries.
The Company has seen strong growth in recent years as the advantages of cardboard as a sustainable packaging solution are increasingly recognised – it is estimated that 84% of cardboard is currently recycled in the UK.
Robin Welch at Sandland Packaging, said:
“This change of ownership marks the start of an exciting new chapter for Sandland Packaging. We are planning to build on the solid foundations laid by the previous owner and founder, while pursuing emerging opportunities in the cardboard packaging sector driven by the rise in product shipping and the growing appeal of cardboard as a sustainable packaging option.”
Les Litwinowicz, CEO at GIL, said:
“We believe Sandland Packaging represents an exciting investment opportunity and we look forward to working with Robin again to develop the business into new markets.”
Funding was provided by Frontier Development Capital (“FDC”) and Independent Growth Finance (“IGF”). GIL were advised by Lodders Solicitors LLP (Legal) and Mazars LLP (Financial Due Diligence). IGF were advised by Shoosmiths LLP (Legal).
The terms of the transaction have not been disclosed.