ABERDEEN-based Packed Up has been acquired by Northern Irish supplier Hub Packaging for an undisclosed sum.
The deal is set to see investment in Packed Up to develop its customer base across eastern Scotland and extend its reach across the country over time.
With a shared focus in offering customers packaging solutions which meet their unique requirements and an emphasis on providing sustainable and innovative options, the duo said that the partnership brings together complementary strengths and shared values which will enable both businesses to enhance the support, expertise and resources available to clients.
Becoming part of the Hub Packaging Group will enable the team at Packed Up to offer a wider product range to the sectors they service including engineering, technology, offshore, food, and retail. Plans are in place to invest in new capabilities and broaden their offering, whilst day to day operations will remain largely unchanged with the full Packed Up leadership team, staff, facilities and brand retained.
Commenting on the newly forged partnership Sean McConochie, MD at Packed Up said, “From the initial discussion with Hub, we were impressed with their commitment to developing relationships with their customers for life. They clearly understand what customers value, then work exceptionally hard to deliver it, time and again.
“Both businesses share a common value set, and it made allsubsequent discussions positive and forward looking. Hub have enjoyed year on year growth of circa 20%CAGR (Compound Annual Growth Rate) over the past decade, so they understand how to build a compelling proposition for customers.”
Hub Packaging CEO Andrew Ward added, “Linking up with Packed-Up made perfect strategic sense; we have been considering a move into Scotland for some–time and now have the opportunity to fully leverage the expertise which exists in the Packed Up team. From day one we were highly impressed with the team and their commitment, energy and knowledge. We now look forward to continuing to work closely with Sean, Sam and the wider Packed Up team to achieve our ambitious growth plans.”
Founded in 2021, Packed Up is described as having built a strong reputation with customers, quickly becoming recognised as a trusted packaging partner in the north east of Scotland. The business currently employs ten staff with a reputation for being responsive, reliable and customer centric.
Hub Packaging was founded in 1977 by Ben Crozier. Over the past decade, under the leadership, of CEO Andrew Ward the business has grown turnover from £3 million to £25+ million.
