FRP are pleased to have supported Norfolk-based rigid plastic packaging manufacturer, Coda Plastics Ltd (Coda Plastics) and its parent company, Campbell & Tate Ltd, on its sale to the Newship Group (Newship). The transaction marks a significant step in expanding Newship’s portfolio, creating a comprehensive packaging solutions business with pan-European reach.
Based in North Walsham, Coda Plastics supplies innovative rigid plastic packaging, to a customer base that spans start-ups to established brands such as Imperial Leather, Original Source and Revlon. Founded in 1973, it is one of the UK’s leading independent plastic packaging manufacturers, capable of producing over 20 million caps, closures and bottles every month, with Injection Moulding, Injection Blow Moulding, Stretch Blow Moulding and Extrusion Blow Moulding capabilities.
It has now been acquired by Newship Group, a family-owned UK group of companies operating in the packaging, construction, engineering and premium hire sectors.
FRP’s Norwich based Corporate Finance team led as sell-side advisers to take the business to market. Through a competitive process, they identified Newship as a potential acquirer with strong cultural alignment, before leading commercial negotiations and due diligence through to completion.
Coda Plastics complements Newship’s existing packaging businesses, which include Beatson Clark, a renowned glass packaging manufacturer, and Pont Europe, a major European distributor of rigid packaging – strengthening Newship’s capability to offer its customers complete packaging solutions across material classes and geographies.
Meanwhile, Coda Plastics will benefit from investment and synergies as part of Newship, and sustainability expertise from within Pont Europe, which will enable it to help its clients continue to secure more sustainable packaging solutions and respond to evolving packaging legislation.
Following the acquisition, Coda Plastics will continue to operate as an independent business, with its own management team and directors.
