Company Description: Manufacturer providing plastic thermoforming solutions to a variety of business sectors
Instructed by: Plastique
Plastique Group Sold to NYSE Listed ESCO
WK Corporate Finance has worked with Plastique for a number or years, including advising on the £5m development capital investment received from the Business Growth Fund in 2014.
We again assisted the shareholders in their disposal of the company to ESCO Technologies Inc, a NYSE listed company. Plastique will become part of ESCO’s Thermoform Engineered Quality LLC (TEQ) operating subsidiary.
Plastique is a market leader in the development and manufacture of highly-technical thermoformed plastic and precision moulded pulp fibre packaging, primarily serving pharmaceutical, personal care and various speciality end markets. The company, headquartered in Tunbridge Wells with operations in Nottingham and Poznan, Poland, has annual turnover of c.£25m.
John Lowe Managing Director “Andy has advised us since the original MBO in 2008, including the BGF investment in 2014 and through to the sale to TEQ. His advice throughout has been invaluable and we are delighted that TEQ have retained him to continue to work with us into the future”
Andy Coghlan says “I am delighted for John and Perry (Rigler) that all their hard work in developing Plastique has paid off and believe they have found an excellent home with TEQ. I look forward to continuing to work with them”