Elanders UK has acquired Spreckley Limited, one of the largest automatic stringing facilities of tickets, neck tags, and bottle collars in Europe, for an undisclosed sum.
The deal to acquire Spreckley will see Elanders strengthen its position in premium packaging markets, as well as open up opportunities for the brand to expand.
With an annual turnover of £27.5 million in 2016, Elanders UK already boasts a wide range of supply chain, print, packaging, fulfilment and e-commerce services and the acquisition of Spreckley’s will provide an additional 24,000 square feet of business space in the Nottingham area. Spreckley will also bring a further 20 employees to Elanders current staff of 218, expanding the company’s manufacturing capabilities and enabling the cross selling of expertise.
Elanders UK’s managing director, Chris Hewitt, commented: ‘Spreckley is a terrific and synergistic addition to our portfolio and we are excited to welcome the team on board. The acquisition will allow us expand our offering and provide clients with a host of new services in both new and existing sectors.
‘Our acquisition of Spreckley, a premium niche packaging specialist, is a key part of our company growth and development strategy. This purchase, coupled with our recent multi million investment into new Litho, digital printing and finishing technology, will undoubtedly improve company productivity, efficiency and capacity, as well as help us expand into new markets.’
The Spreckley purchase follows a number of dynamic acquisitions in niche packaging operations across the group worldwide, the most recent of which saw Elanders UK procure Scottish drinks packaging specialist McNaughtan’s; a move which allowed the company access to key consumer drinks brands.
Trevor Jackson, managing director of Spreckley Limited, commented: ‘Elanders UK is a highly respected business and it has a commitment to quality that chimes well with the ethos we have built over the last 30 years at Spreckley. We are therefore delighted to be joining forces and look forward to a long and mutually successful relationship.’