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Announced

Completed

Longacre Group completed the investment in Prowrap.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Single Bidder

cling film

Private

rewinder

Diversified Materials

Friendly

United Kingdom

Private Equity

Completed

Mbo

Synopsis

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Longacre Group, a private investment firm, completed the investment in Prowrap, a specialist rewinder and one of the UK's manufacturers of cling film, aluminium foil and baking papers. Financial terms were not disclosed. “I have worked with Mark and the team at FRP in Bristol for a number of years and would not have been able to complete this deal without their support. The team worked hard to find us the right investment partner and with the support of Longacre Group we will be able to grow the Prowrap Group and develop both brands from our base here in Bristol,” Nick Scoon, Prowrap CEO.

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