MBO team takes control at M&H Plastics

M&H Plastics, the Beccles-based plastics packaging producer, has been bought by its management with backing from the Bank of Scotland.

The management team, led by chief executive Mark Bryant, will hold a majority stake in the business, while Bank of Scotland Integrated Finance, which has provided a debt and equity package, will take a minority holding.

M&H employs around 500 staff at its 45,000sqm site in Beccles, where it produces plastic bottles, caps, flexible tubes, jars and containers for the personal and healthcare markets. The firm also has a plant in Virginia in the US.

M&H had been bought by affiliates of JP Morgan Partners in 2003. In August 2006, CCMP Capital took on the management of the investment on behalf of JP Morgan.
Source: packagingnews