LAW PRINT SOLD TO THAI STOCK EXCHANGE-LISTED PACKAGING GROUP
Law Print & Packaging Management Ltd has been sold to South East Asia’s leading fully-integrated packaging manufacturer.
Stockport-based Law Print & Packaging Management Ltd (“Law Print”) has been sold to South East Asia’s leading fully-integrated packaging manufacturer in a deal overseen by KBS Corporate Finance.
Law Print offers extensive packaging solutions services worldwide, from design, printing and quality assurance through to international logistics management.
Law Print works with a global network of accredited packaging manufacturers and suppliers, with pet food packaging being one of its specialist areas of expertise.
The successful acquirer is SCG Packaging (SCGP), a company listed on the Stock Exchange of Thailand with a comprehensive and diverse portfolio of more than 120,000 different products including retail display packaging, grocery bags, medically related items and labware.
The transaction was made through SCGP Solutions (Singapore) Pte, a wholly owned subsidiary of Bangkok-based SCGP, and will expand SCGP’s sales channels and customer networks with a focus on the premium market of fast-growing pet food manufacturers in the UK and across Europe.
Further synergies include the cross-selling of other SCGP consumer packaging products to multi-national clients with which Law Print has a long-term association.
Law Print’s owners Tim and Morven Law commissioned KBS Corporate Finance for the sale of their business and were advised by John Hunt, Corporate Finance Director, and Annie Pritchard, Corporate Finance Assistant Manager, along with Gateley Legal and Holly Bedford, K3 Tax Advisory Managing Director.
Tim Law, founder and shareholder of Law Print, commented: “At the start of this process, we set out with a clear intention to find a purchaser who could bring significant synergies to the table. I am convinced the depth and knowledge that resides within the SCGP Group will ensure further growth and security for Law Print and its tremendous team in the future.
“After nearly two decades of trading autonomously, this marks the commencement of a new and promising chapter. It will be business as usual for Law Print as we maintain our current management, operations, customers and brand identity.
“However, this deal will further support the company’s continued growth with an enhanced product offering and new market development, whilst helping drive SCGP’s expansion into the UK, Europe and North America.
“The union between our businesses presents a host of exciting synergies and benefits to our existing and new clients. These include an enhanced product portfolio, heightened sustainable practices to which SCGP and Law Print are hugely committed, and expanded reach which enables us to explore further into North America to a more diverse and extensive customer base.
“This collaboration is set to expedite our mission to deliver pioneering, forward-thinking flexible packaging solutions.”
John Hunt and Annie Pritchard of KBS Corporate Finance expressed how much they had enjoyed working on the transaction.
“Tim, Morven and the entire Law Print team have been great to work with over the course of our engagement,” said John. “The deal provides for a full exit for Tim and Morven, enabling them to spend more time with family.
“Under Carole Bayne’s continued leadership with support from SCGP, we are more than confident Law Print has a very bright future ahead.”