Guillin Group has announced that is has acquired 100 per cent of the shares and assets of leading thermoformed rigid plastic packaging manufacturer-distributor Sharp Interpack, opening the door to a wide range of products for the food industry, particularly for producers and packers of fruit and vegetables.
According to the French company, the acquisition will allow Guillin Group to perform over 60 per cent of its business outside France, enhancing its standing in the European market for thermoformed rigid plastic packaging.
“The combination of Guillin Group's expertise alongside Sharp Interpack’s UK market experience allows Guillin to strengthen its leading position on the European market for fruit and vegetables, and expand its strategic position in the industry while developing new industrial and commercial relationships for meat products,” said the French company.
While the 2009/10 accounts for Sharpak were closed on 31 March and Guillin Group was not able to comment on the results, it did confirm that the consolidation of accounts would make a positive contribution in terms of operating profit, net income and cash flow.
Sharp Interpack owns three industrial sites in the UK, located at Ayelsham, Bridgwater and Yate, and is forecast to turnover £86m (€98m) through the 2009/10 financial year.
