Telford food packaging company CustomPack bought out
A long-established Telford food packaging company which employs more than 160 people has been bought out.
CustomPack, formerly known as Chequer Foods, is based on Halesfield, and was first established in Shropshire in the 1980s.
It has now been purchased by PortionPack Europe from its former owners, the Selecta Group.
CustomPack focuses on packaging items such as wet sauces, dry products and portion packing to its clients from facilities in Telford UK. The business generated net sales in excess of €20 million in the 12 month period to end-June 2018.
Sidney Moll, PortionPack Europe CEO, said: “We are delighted to welcome CustomPack Limited to the PortionPack Family.
"CustomPack specialises in portion packing which is at the heart of our group and the company will sit alongside Single Source Limited, our existing UK portion pack business, also based in Telford.
"The management team will now explore how the two businesses can operate in tandem to enhance our customers’ experiences and continue to serve the UK and Ireland Foodservice market."
David Flochel, CEO of Selecta Group, said: “CustomPack is a good solid business. However, given our focus on being the leading unattended self-service convenience food and beverage operator in Europe, we feel CustomPack is non-core and that its future growth can be better supported by a new owner.
"PortionPack operates in the same industry as CustomPack, understands how the business works and can drive the business forward. Selecta will continue to source products from CustomPack.”
The cost of the sale has not been disclosed.
