- Quinn advise Gresham on £30 million deal
Quinn advise Gresham on £30 million deal
THE Quinn Partnership has advised Gresham Private Equity on their decision to provide a total funding package in excess of £30 million to support the future growth of Esterform Packaging.
With headquarters in the Midlands and manufacturing sites in Tenbury Wells and Leeds, employing over 200 employees, Esterform Packaging are the leading supplier of PET preforms and bottles to the UK beverage industry. With a particularly strong presence in the water, juice, smoothie and dairy sectors, a very strong growth opportunity has also been realised in the replacement of traditional steel beer kegs with new plastic kegs; an area of well progressed development at Esterform Packaging.
Mark Tyne, managing director of Esterform Packaging said, “Business is well poised for further growth in its markets. The support and financial firepower of Gresham Private Equity will enable us to invest in our manufacturing facility and provide the resource and capability to undertake further acquisitions in the future.”
Paul Quinn, who led the team from The Quinn Partnership said, “Gresham have backed a strong management team led by Mark Tyne, well equipped to drive the business through the next exciting period of growth."