UB Plastics is pleased to confirm an acquisition by Sherwood Group.
Sherwood Group – comprising Sherwood Stainless and Aluminium, Neville Precision Engineering and Inal 2020 – based in Wolverhampton is an ISO9001 and ISO14001 certified privately owned specialist supplier and fabricator of aluminium extrusion, stainless steel & aluminium coil, stainless steel sheets and special finish lighting products for industry.
UB Plastics inhabits over 70,000 sq ft of space in Burton, with 40 staff operating 25 product lines, 6-axis robots and in-mould labelling, creating innovative products for customers including beverage giants Diageo (Guiness), Carlsberg, Molson and ice-cream market leader Graphics Packaging.
The company led by Andy Cox and Steven Brown design and manufacture all their products at their factory situated in Burton on Trent in Staffordshire.
“We’ve known Terry and Paul at Sherwood Group for a long time” said Andy Cox, Director UB Plastics. “In fact, Roy Caswell who was part of the UB founding team in 1983, has been close to Terry and Paul even before Sherwood Group became a trading entity in 1990.”
“We’re excited at UB Plastics. It’s the right move at the right time. Sherwood have demonstrated their market leadership in recent years and the acquisition helps us firstly secure the business and access investment for growth without losing focus on core markets”.
“We’re looking forward to working with some of the best people in the aluminium industry and see an exciting future for the combined business and our customers”, he added.
“We’re thrilled to complete this deal” said Paul Thurston, Sherwood Group co-founder.
“In joining the Sherwood Group, UB Plastics immediately offers new products and new markets as well as huge opportunities for existing customers looking for specialist composite support and plastic injection moulding.”
“With a rise in use and specification of industrial plastics and composites in some of our key sectors, it was the right time to make a strategic investment to bring this capability in-house. In so doing, it will provide product design and financial benefits to customers looking to pool their buying with suppliers able to provide a comprehensive offering” he added.