Joy after town firm buys US foil giant

Wrap Film Systems has literally brought home the Baco Foil, after buying the US-based company and bringing it back into British ownership.

The Hortonwood-based manufacturer completed the deal on Tuesday, buying the foil giant for an undisclosed sum.

And the deal will see an expansion of WFS with a new warehouse in Telford and the creation of between 10 and 15 jobs.

Finance director of WFS, David Smith, said: "We are absolutely delighted to be bringing this household brand to Shropshire. It's been a couple of months of really hard work but we signed on the dotted line earlier this week.

"We will bring all the manufacturing of the foil into our premises in Telford, probably bring the logistics in-house too and the effect of that will be that we'll be turning over £50 million. We will be taking on a new warehouse and additional staff."

WFS is one of Europe's biggest distributors of cling film and foil dispensers. It is owned by Growth Capital Partners. Baco was founded in 1960 in Amersham, Buckinghamshire, and its aluminium foil launched on the UK market two years later.

It was bought by Alcoa in August 2000 and later sold to US-based Reynold Products Inc.