PLASTICS raw materials distributor Plastribution Group has acquired Leicester-based thermoplastics sheet supplier Eagle Plastics for an undisclosed sum.
The move enables Plastribution to add a sheet business to its products division, which currently includes films and foil distributors, Plasfilms and Plasfoils.
The company added that all staff at Eagle Plastics will be retained.
Founded in 1994 and occupying a 10,000 sq ft site in Thurmaston, Eagle Plastics has 11 employees and supplies semi-finished thermoplastic materials. Typical products include sheet for point-of-sale, shop displays and mirrored plastic sheet as an alternative to glass.
Having built up a successful business, the shareholders have offered the company for sale as part of their retirement plans.
“It is really exciting to be opening this new chapter in the history of Eagle Plastics,” said MD Darren Clarke. “In addition to continuing the existing business, we are looking forward to expanding the product range and continuing to deliver the excellent service that has built our reputation, and in this regard, there is a great fit with the culture and values of Plastribution.
“Operating from our existing premises with the same team will make for a seamless transition and ensure a secure future for customers, suppliers and employees.”
Mike Boswell, MD of Plastribution Group, added, “We are delighted to acquire this niche plastic sheet distribution business as part of our strategy to further develop sales of semi-finished plastic products. With its light manufacturing and in-house warehouse, Eagle Plastics has developed an outstanding reputation for quality and service.
“The business will continue to operate from its current location in Leicester and we are delighted that Darren will continue in his role as MD. Looking to the future, we are planning to offer customers a broader range of material types, including eco-friendly products.”