UK
Ireland
Scotland
London
The management teams of Jablite and Styropack have purchased the two companies from previous owners Synbra Group.
The move has created the largest expanded polystyrene (EPS) manufacturer in the UK.
The business is now owned by Richard Lee, Managing Director, Ken Hutchins, Finance Director, Wayne Brown, Operations Director, and John Colley, the new Chairman.
The funds for the process were advised by Mobeus Equity Partners.
The new Managing Director, Richard Lee, said: "This is a really exciting day for myself and my fellow Directors. Following negotiations with the Synbra Group, our previous owner, we are all proud new owners of the UK’s largest EPS manufacturer and two extremely successful brands.
"I never imagined as a 17 year old starting work as a machine operator at Styropack in West Sussex I would eventually end up owning the business and its sister company 28 years later."
(LM/CD)
