Plastribution Acquires Thermoplastics Sheet Business
Leading UK plastics raw materials distributor, Plastribution Group, has acquired Leicester-based thermoplastics sheet supplier Eagle Plastics for an undisclosed sum. The move enables Plastribution to add a sheet business to its products division, which currently includes films and foil distributors, Plasfilms and Plasfoils. All staff at Eagle Plastics will be retained.
Founded in 1994 and occupying a 10,000 sq ft site in Thurmaston, Eagle Plastics has eleven employees and supplies a comprehensive range of semi-finished thermoplastic materials to a diverse client base, including blue-chip organisations. Typical products, which are available in a wide variety of types, sizes, finishes, gauges and colours, include sheets for point-of-sale, shop displays and mirrored plastic sheets as an alternative to glass.
Since its inception, the company has achieved steady organic growth, increasing its national market share and pursuing expansion opportunities across diverse sectors. Having built up a successful business, the firm’s shareholders have offered the company for sale as part of their retirement plans.
“It is really exciting to be opening this new chapter in the history of Eagle Plastics,” said managing director Darren Clarke. “In addition to continuing the existing business, we look forward to expanding the product range and delivering the excellent service that has built our reputation. In this regard, there is a great fit with the culture and values of Plastribution. Operating from our existing premises with the same team will make for a seamless transition and ensure a secure future for customers, suppliers and employees.”
Mike Boswell, managing director of Plastribution Group, added: “We are delighted to acquire this niche plastic sheet distribution business as part of our strategy to develop sales of semi-finished plastic products further. With its light manufacturing and in-house warehouse, Eagle Plastics has developed an outstanding reputation for quality and service.
The business will continue operating from its current location in Leicester, and we are delighted that Darren will continue as MD. Looking to the future, we plan to offer customers a broader range of material types, including eco-friendly products.”
For more information on Plastribution Group, visit https://plb.ltd/.
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