Moore Kingston Smith advises Asteria Group on Compliance Labelling acquisition

Moore Kingston Smith has advised Asteria Labels and Packaging Group on its acquisition of Compliance Labelling Solutions Limited.

Asteria is an international group producing printed packaging materials, and has 16 production sites across Europe. Compliance Labelling Solutions manufactures labels for customers in the UK and across Europe, providing bespoke and standard solutions for over 40 years.

This transaction bolsters Asteria Group’s European labelling and packaging offering with plans to build their UK presence. The group has been highly acquisitive in recent years, and the acquisition of Compliance Labelling Solutions is another string to their bow.

Matthew Meadows, Adele Hebditch and Holly Cooper from Moore Kingston Smith’s corporate finance team and David Coates and Amy Tilley from the corporate tax team provided financial and tax due diligence on this transaction. 

The due diligence focused on inventory valuation and fixed asset investment requirements, given the capital-intensive nature of the industry.

Thomas Decroos, M&A and integration manager at Asteria Group, said: “It has been a genuine pleasure collaborating with Moore Kingston Smith. The entire process flowed effortlessly, showcasing their remarkable efficiency and seamless execution. The added value contributions of the financial and tax due diligence were of high quality and very much appreciated, enabling us to successfully close our latest transaction.”

Matthew Meadows, partner in the corporate finance team at Moore Kingston Smith, adde: “It was a pleasure to work with Asteria on this transaction, supporting their expansion into the UK packaging market. Given their growth in recent years, we’re excited to see what’s in store next for Asteria.”