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Translink Corporate Finance team has successfully advised a management buy-in at Sheffield headquartered W K West Limited and its subsidiary company Midland Box Limited, a group which trades as “Westpack”.
Founded in 1884, Westpack specialises in commercial packaging solutions in corrugated and timber. The group operates from two manufacturing sites, located in Sheffield and Nottingham, spanning a 100,000 square foot operation where the business services a diverse customer base across the UK.
John and Lyn Kearney have acquired the business from the previous shareholders Andrew Fox and Simon Turner who have successfully run Westpack for over 30 years.
Kearney brings a wealth of sector expertise spanning 25 years in the packaging sector, most recently working as a director for one of the UK’s largest packaging suppliers. Meanwhile Lyn brings packaging experience along with expertise in a diverse range of industries.
Both were advised by a Translink Corporate Finance team led by Will Holmes, supported by Andy Haigh and Luke Harrower, with further support from Amanda Waterhouse (BHP Transaction Tax) and Emma Oakley (BHP’s SPA advisory team).
Regarding the transaction, Kearney said: “We’d like to thank Translink for their advice and guidance throughout the process, this deal wouldn’t have been possible without their support. We look forward to working with the team at Westpack and continuing the tradition of family ethics and high customer service that has underpinned the company’s success for over 100 years.”
Holmes said: “We are delighted to have structured and delivered this transaction for John and Lyn. Westpack is a great business that has been developed over many years under the stewardship of the previous shareholders. We look forward to seeing John and Lyn continue to build upon this success and support them throughout their journey.”
