Medica Packaging Ltd is delighted to announce that a Management Buy-out has been completed from Sullivan Street Partners. The MBO has been supported by Harwood Private Equity based in London, who are part of Harwood Capital Management Group, which has £1.7 billion of assets under management. The MBO team has been led by Gerard Harford, Managing Director and Mark Stokes, Finance Director, both of whom have been with the business for a number of years. The rest of the management Team at Medica remain in their existing roles.
Harwood are a very successful investor with significant funds, and they have the financial strength and depth to allow Medica to continue to invest and grow to meet the ever-demanding needs of our customers.
We believe this presents a great opportunity to take the business to the next stage in its development and to build on the progress that has been made under the stewardship of Sullivan Street Partners.
2020 has been a challenging year with the Pandemic and the significant reduction of capacity in the manufacture of folding cartons to the Healthcare markets in the UK. We believe this is an opportunity for Medica to consolidate its position as the leading independent supplier into this sector, maintaining the focus on quality, value, and short lead-times.
Please rest assured it will be business as usual from the Medica Team and we look forward to supplying you throughout 2021.
May I take this opportunity to thank you for your business and your ongoing support; it is very much appreciated.