 |
|
Rosewood acquires lossing making packager
Rosewood Packaging has bought Merlin Packaging Group for an undisclosed sum. It is the latest in a run of acquisitions by Rosewood, which has bought two other companies in as many years.
The acquisition will secure 32 jobs at Merlin, a Nottingham-based producer of corrugated sheet board and ancillary packaging.
Accountant Deloitte was brought in to find a buyer for the company following mounting losses at the group’s Stoke-on-Trent division.
Jarrow-based Rosewood designs and manufactures timber crates, packing cases and pallets for industrial clients.
The company plans to treble its turnover and staff numbers following the acquisition. Managing director Stephen Lord said: “I am confident that the acquisition of the Merlin company will be a sound business decision for Rosewood. It adds further strength to our position.”
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- Infinity wraps up second deal with Flextex Jan 07 2009
- London & Stamford Property's £74m deal Jan 06 2009
- MasterCard deal proves master stroke Jan 06 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February