RSM’s M&A and private equity team has advised on the sale of Smith Bateson Holdings Limited, a leading paper and polythene packaging distributor, to Zeus Packaging Investments (UK).
Established in 1801, Knowsley-based Smith Bateson is one of the UK’s leading packaging distributors - delivering plain and printed point of sale packaging to retailers across the UK.
Zeus Packaging has grown significantly across the UK and internationally offering packaging and hygiene needs to a range of sectors including industrial, agricultural, food and drink, hospitality and fashion.
The transaction combines two complementary businesses and enhances the existing portfolio of services for Zeus Packaging and strengthens its presence within the packaging sector.
The RSM team, led by corporate finance partner John Gillibrand with support from Nick Wyatt, Christian Hitchen and Ben Everson acted for the shareholders of Smith Bateson Holdings Limited. Brabner’s Daniel Hayhurst and Mark Rathbone acted as legal advisers to the shareholders.
John Gillibrand, corporate finance partner at RSM, said: ‘Both businesses have continued to evolve within the market and the latest transaction brings real synergies which will enhance the service offering, geographic reach and capability of the combined business.’