Thermoformed packaging specialist, Leeways Packaging Limited has acquired the assets of Chevler Packaging for an undisclosed sum, with help from BPE Solicitors’ corporate team.
The deal, which looks set to create 10 new jobs at Leeways over the next 12 months, came about after Chevler Packaging called in administrators on the 10th of February.
Taking on the tools and machinery of the plastics manufacturer will enable Leeways to extend its portfolio of food packaging and aid the company’s planned push for market share in the coming months.
Chairman of Leeways, Tony Walding said: “The management team at Leeways has taken a strategic decision to invest in these trying times with a view to building an even stronger business to ride out this recession and emerge a better company."
BPE has provided legal advice to the Walding family business for a number of years. Corporate Partner, Tim Ward led the BPE team that handled the Chevler takeover.
Commenting on the acquisition, Tim said: “This move demonstrates the commitment of the Leeways management team to drive the business forward despite the difficult trading conditions. I have every confidence that it will lead to continued and future success for the company.”
The deal, which looks set to create 10 new jobs at Leeways over the next 12 months, came about after Chevler Packaging called in administrators on the 10th of February.
Taking on the tools and machinery of the plastics manufacturer will enable Leeways to extend its portfolio of food packaging and aid the company’s planned push for market share in the coming months.
Chairman of Leeways, Tony Walding said: “The management team at Leeways has taken a strategic decision to invest in these trying times with a view to building an even stronger business to ride out this recession and emerge a better company."
BPE has provided legal advice to the Walding family business for a number of years. Corporate Partner, Tim Ward led the BPE team that handled the Chevler takeover.
Commenting on the acquisition, Tim said: “This move demonstrates the commitment of the Leeways management team to drive the business forward despite the difficult trading conditions. I have every confidence that it will lead to continued and future success for the company.”
