Announced
Completed
Financials
Sources
Tags
Acquisition
Majority
Single Bidder
cling film
Private
rewinder
Diversified Materials
Friendly
United Kingdom
Private Equity
Completed
Mbo
Synopsis
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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