An affiliate of Sun European Partners, LLP (“Sun European Partners”), today announces that it has completed the acquisition of Allied Glass (“Allied” or the “Company”), for an undisclosed sum.
Headquartered in Leeds, UK, Allied is the leading UK-based manufacturer of glass packaging containers for the premium spirits and food & drinks markets. With two manufacturing facilities and a dedicated decoration centre in Yorkshire, Allied is focussed on the short and medium production run segment of the market which values flexibility, a collaborative approach to innovation and extremely high technical standards. The Company continues to benefit from market trends towards premiumisation, sustainability and increased SKU/container size proliferation. Over the last three years, the business has doubled its customer base which includes craft manufactures, to the largest blue-chip organisations in the industry and delivered sales growth of 13% pa.
Chris Carney, Principal at Sun European Partners, said: “Allied Glass is a market leader in its field with impressive technical capability and a flexible customer-focused approach that sets it apart in serving the high-growth premium segment of the spirits and drink market. The impressive Management team have been instrumental to the success of the business to date, and we look forward to working together with Alan and his team, whilst further investing in the business to support their continued development.”
Alan Henderson, CEO of Allied Glass, added: “We are excited to be working with Sun European Partners as we look to take Allied to the next level. Our business is well positioned within a growing market and Sun’s deep manufacturing expertise will be invaluable as we look to deliver on our potential.”
Sun European Partners has extensive experience in the manufacturing and packaging sector. In addition to having affiliates that owned Albéa and Coveris, two global leaders in the packaging industry, affiliates of Sun European Partners have completed over 50 acquisitions in this sector.
Sun European Partners was assisted on this transaction by Rothschild as M&A advisors, DLA Piper as legal advisors, EY as financial and tax advisors, Roland Berger as Commercial advisors, and ERM as Environmental advisors.