Specialists in the production of plastic food trays, materials handling, reusable containers and packaging

In mid 2003, Montagu Private Equity led the buyout of LINPAC Group from the founding family shareholders.

The business comprised divisions focused primarily upon plastic food trays and films, materials handling, reusable containers and corrugated packaging. The Group had leading positions in Europe, North America, Australasia, China, Malaysia, South Africa and South America. LINPAC had turnover in excess of £1.3 billion, operating in 31 countries with over 12,000 employees.

LINPAC was founded in 1959 in Louth, Lincolnshire and remained in the ownership of the families of the founders throughout the period prior to the buyout. The business grew both organically and via acquisition primarily by the reinvestment of profits. LINPAC's culture of investment and continuous innovation ensured its development into a major global packaging business.

The shareholders objectives were to sell the business in its entirety in a deal that was positive for the management and employees. These objectives resulted in the business being sold via a tightly controlled and highly competitive auction process between a carefully selected list of approximately ten private equity bidders.

Montagu recapitalised LINPAC in 2007, returning approximately 80% of original cost to investors, and sold the investment in 2009.

Deal details

Deal type: Management Buyout Investment Year: 2003 Country: United Kingdom Status: Realised Value: £860 million Industry Sector: Industrials