Spreckley Limited, the UK’s leading manufacturer and supplier of swing tickets and associated products, has been acquired by Elanders UK.
Established for over 60 years, Spreckley supplies its products to a number of multi-national, blue chip supermarket chains and retail corporations throughout the UK and Europe. Offering a ‘one stop shop’ for swing ticket manufacturing, with printing, cutting, creasing, embossing, punching and stringing services delivered to clients on a daily basis, the company proudly operates the largest automatic stringing facility in Europe.
With the shareholders of Spreckley looking to determine a Director retirement plan, they approached KBS Corporate with hopes of selling their shares for maximum possible value. In order to fulfil these wishes, KBS Corporate conducted a full analysis of the UK printing, packaging and labelling sectors, as it was acknowledged that Spreckley could benefit significantly from being acquired by a synergy buyer from within a similar sector.
When presented to market, the opportunity to acquire Spreckley attracted widespread interest, with interested parties ranging from both small scale and plc trade buyers, to private equity houses and venture capitalists.
The eventual acquirer, Elanders UK, part of Swedish corporation Elanders AB, is a multi-national business and commercial printing firm. Listed on the OMX Nordic Exchange, Elanders is extremely highly regarded in the sector, and as a result, proved to be an excellent fit as the acquirer of Spreckley.
With synergistic opportunities between the two companies clear from the outset, alongside an already established professional relationship between the Managing Directors of the two companies, the deal was hugely successful and provided a clean exit for the shareholders.
Andy Melbourne, Director at KBS Corporate, advised on the deal and commented, “This was a fantastic result for the management team of Spreckley. The outcome of the deal has allowed them to reap the benefits of many years of hard work, passing Spreckley into a highly reputable company with a strong, international presence. I am sure that Spreckley will continue to thrive under the direction of Elanders, and I wish all involved the best for the future.”