Eagle Plastics sale overseen by KBS Corporate

KBS has advised on the sale of Eagle Plastics Ltd, working closely with shareholders Graham Pearman and Stephen Holder to negotiate a mutually beneficial agreement with acquirer Plastribution Ltd.

Over the course of three decades, Leicester-based Eagle Plastics has established itself as a market-leading supplier of thermoplastic sheet materials with UK-wide distribution capabilities.

Andrew Dodd, Corporate Director at KBS, liaised with the shareholders throughout the process to identify potential buyers that aligned with Eagle Plastics’ core values and could seamlessly consolidate the company with their existing operations.

“The deal is a great fit for both companies,” said Andrew. “I feel Plastribution was exactly the right buyer for the client.”

Eagle Plastics attracted circa 30 interested parties, including large suppliers of thermoplastic materials seeking national expansion and distributors of complementary products looking to diversify their revenue streams.

Plastribution, also based in Leicestershire at Ashby de la Zouch, became the successful acquirer, their core business being the distribution of thermoplastic pellets for injection moulding, extrusion and blow moulding industries.

They are integrating Eagle Plastics’ sheet business into their product division and retaining the company’s 11 employees at their existing premises, along with managing director Darren Clarke.