ONSIDE / NEWS
Seneca investment targets food and drink growth with Foodpack
S
eneca has backed Foodpack Limited in its acquisition
of the trade and assets of Kapak Foods Limited from
the administrator, FRP Advisory LLP.
The St Helens-based business is a food packing specialist that
counts household names in the food and beverage sector,
major retailers and contract manufacturers amongst its
customers. Kapak was founded 16 years ago and reported a
turnover of £17m in its most recent accounts. The deal price
was not disclosed but the business has experienced difficulties
in recent months, culminating in it entering administration.
The investment ensures the business will continue to trade
and secures the jobs of its 150 staff. The news has also been
supported with a refinancing package from Secure Trust
Bank and the business will trade as Foodpack Limited.
Alistair Marsden and Anthony Hitchen, both experienced
food industry professionals, have joined the business as
senior directors and will sit on the board of Foodpack.
The company moved to its current 80,000 sq. ft. food
prod Սѥ