Packaging giant sells majority stake

Posted on 12 Nov 2015 by Fred Tongue

W&R Barnett, a global group of agribusinesses has acquired a majority stake in Logson Group.

The majority stake in the Logson Group, which comprises of Board 24, Boxes and Packaging, Jardin Corrugated Cases and Cases 24, was acquired for an undisclosed sum by W&R Barnett.

Logson Group has a turnover of £188m and has operations across the Midlands

As part of the deal, Logson chief executive Alex Kelly will also join the board of W&R Barnett.

He commented: “W&R Barnett’s investment offers long term clarity to all our stakeholders – employees, customers and suppliers.

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“This deal reinforces the core values of our business, fiercely independent, entrepreneurial leadership and an appetite for growth. It is very much business as usual, the future is very bright and I am delighted that the Logson senior team have been given the opportunity to invest in the new structure.”

Founded in 2005 and based in Coalville, Logson Group has sites in Birmingham; Bristol; Cambridge; Doncaster; Lancashire; Leicestershire; Oxford; Merseyside; Scotland, and Swindon, and employs almost 900 staff.

Logson pledged to invest £6m and £9m to sites in Chesterfield and Lancashire respectively which would purchase new digital equipment and a new corrugator in the Preston premises. The investment would also create another 40 jobs.

Kelly added: “Our £15m investment has delivered the UK’s most productive sheet feeding site at Preston as well as two new sites within Boxes and Packaging.

“Following on from our recent purchase of Jardin Corrugated Cases, we remain acquisitive and continue to look for opportunities that will enhance our customer offering.”