Deal Announcement: Corbett Keeling advised Selecta on its sale of Custompack Ltd to PortionPack Europe Group
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Selecta
Client
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2018
Year
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Service
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Corbett Keeling has advised Selecta, a leading European vending and coffee services provider, on its sale of Custompack Ltd to PortionPack Europe Group, a subsisary of Südzucker, the European market leader in the field of portion packed products. Custompack focuses on the provision of single portion items such as wet sauces, dry products and portion packing to its clients from its assembly in Telford UK.
What the deal participants said
“This deal involved a wide auction process to find the right buyer. Matt Dixon and his team from Corbett Keeling led the process from beginning to end in a highly professional manner, driving all parties towards the finish line in good time to secure the right deal for Selecta. The hands on approach and ownership of the deal meant I had complete confidence they were managing the process and bidder negotiations to Selecta’s maximum benefit."
Ron Ek, Selecta
“We are delighted to welcome Custompack Limited to the PortionPack Family. Custompack specialises in portion packing which is at the heart of our group and the company will sit alongside Single Source Limited, our existing UK portion pack business, also based in Telford, Shropshire."
Sidney Moll, CEO, PortionPack Europe
“This was a time critical deal with a hard deadline and a limited number of natural strategic buyers. We successfully delivered a sale process that both met the required timetable and brought a number of serious buyers to the table. The key value we brought to this deal was our use of senior resource to drive the process forward and our ability to attract a wide range of financial, strategic, and international buyers.”
Matt Dixon, Corbett Keeling
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