
Stockport firm, Red Rose Packaging, has been acquired by Logson Group, one of the UK’s largest suppliers of corrugated packaging.
Red Rose was founded in 1985 in Stockport, employing nearly 40 staff. It almost forty years of trading, the corrugated packaging supplier has built a strong industry reputation for innovation, service and quality.
Following its acquisition, Red Rose will join the existing Logson Group’s brands of Board24, Boxes and Packaging, Cases24, Jardin Corrugated and The Cardboard Box Company. Collectively they form a unique mix of companies offering a full range of corrugated packaging solutions from 19 locations across the UK. The group employs over 1,000 people and turns over £200 million annually.
The existing management team will remain with the business, continuing to lead Red Rose as a standalone business within the Logson Group.
Katie Whitehead, sales director at Red Rose Packaging, said:
“We are delighted to have found such an ideal fit.
“In joining Logson, we have the added security of being part of a larger group with a first-class reputation in our industry. “The Logson culture will allow us to maintain our independent flair, backed by the financial strength and scale of the UK’s largest independent corrugated supplier.
“We have exciting plans for our business and this move will only enhance our offering to both existing and new customers.”
Gareth Stell, Logson Group sales director, added:
“The acquisition of Red Rose Packaging is a clear indication of our continued desire to grow within the UK market.
“We know the business and the management team well, from our position as a strategic supplier to Red Rose for many years. It is a formula that has served us well with previous acquisitions and I look forward to working with the Red Rose team in developing new growth opportunities.”
Colleagues from the Corporate Finance and Tax teams at Stockport based accountancy firm HURST advised the shareholders of Red Rose Packaging on the transaction. Ruth Hargreaves and Rachel Brassey of Brabners LLP provided legal advice to the shareholders.
Ben Bradley from HURST’s Corporate Finance team said of the deal:
“It’s been a pleasure working with the shareholders over recent months. It was clear from the outset that Logson would be a great home for the business and we wish everyone all the best for the future.”