Logson Group acquires UK corrugated packaging supplier Playford Packaging
Logson Group has acquired Playford Packaging, a Wrexham-based independent supplier of corrugated packaging trading as Riftward (Holdings) Limited. TLT LLP advised the shareholders of Playford Packaging on the transaction, alongside Grant Thornton's corporate finance team. No deal value was disclosed.
Why this mattersThe deal adds a long-established independent UK corrugated converter to one of the country's larger consolidated packaging groups.
- Logson Group has acquired Playford Packaging, trading name of Riftward (Holdings) Limited
- Playford Packaging is based in Wrexham and has four decades of history in corrugated packaging
- Logson Group employs more than 1,300 people with annual turnover above USD 535m (GBP 400m)
- Logson Group's portfolio includes Board24, Boxes and Packaging, Cardboard Box Company, Durham Box and Challenge Packaging
- TLT advised Playford Packaging's shareholders, with Grant Thornton's corporate finance team also advising
- No transaction value was disclosed
Sources
tlt.com