Cattaneo Corporate Finance has advised Management on the acquisition of Camvac.
Cattaneo Corporate Finance has advised the management team of Thetford-based Camvac on their acquisition of the business via a new company, Camvac International.
Camvac is one of the leading global suppliers of high barrier metallised films, clear barrier films and laminates for a wide range of food packaging, liquid packaging, medical applications, construction and insulation products. The transaction involved the acquisition of the plant and machinery, stock and intellectual property and allows for the employment of around 45 of the Camvac workforce as well as providing security of supply for Camvac’s international customer base.
Greg Kingham, CEO, and Gary Chalkley, Technical Director, head up the new management structure. They have already embarked on a company-wide review of its activities with the aim of increasing its sustainable packaging solutions and the company’s patented barrier coating technologies, in turn exploiting new supply opportunities from existing and emerging markets, and forging strategic partnerships with like-minded companies in the flexible packaging marketplace.
The Cattaneo team of Martyn Pilley and Scott Peters led negotiations on behalf of the management team with Alvarez and Marsal acting for Camvac, secured a new funding package for Camvac International from Aldermore Bank, represented by Alex Hazell, and managed the transaction process.
Alvarez and Marsal were represented by Omar Mirza and Harry Chapman, while legal advisers on the transaction were Stephens Scown (Camvac International/management) and Harrison Clark Rickerbys (Camvac/Alvarez & Marsal).
Commenting on the acquisition Greg Kingham, CEO of Camvac International, said:
“We are delighted to have secured a deal to acquire Camvac, and would like to thank our customers and suppliers for their continuing commitment as well as the team at Cattaneo Corporate Finance for their unwavering support in getting the deal over the line.”
Martyn Pilley of Cattaneo Corporate Finance said:
“We are pleased to have advised on a transaction which achieves a good result for all parties and wish Greg, Gary and their team a successful future which we look forward to continuing to contribute to.”