Clarke Willmott concludes sale of Challenge Packaging to Logson Group
Clarke Willmott LLP, played a pivotal role in advising on the sale of Challenge Packaging Ltd., a leading East Sussex-based packaging manufacturer, to Logson Group
The Southampton team at Clarke Willmott represented the shareholders of Challenge Packaging in the transaction, contributing to the seamless transition of ownership.
Challenge Packaging, established in 1987, specializes in corrugated packaging and offers a comprehensive range of packaging materials through its acclaimed website, www.challengepackaging.co.uk. Operating from a 10,000 sq m site near Hailsham, the company boasts a design lab, a customer experience centre, full in-house production capabilities, extensive pallet storage, and a fleet of over ten HGV trucks.
Headquartered in Coalville, Leicestershire, Logson Group, with an annual turnover exceeding £400 million and around 1,300 employees, strategically expands its market position through this acquisition. The move provides Logson Group with complete UK coverage, leveraging Challenge Packaging's strategic location in the South East along with its existing network of manufacturing sites.
Richard Swain, a partner in Clarke Willmott's corporate team, led the deal alongside corporate solicitor Hollie Blackwood Fisher and Kristian Johnson, a senior associate in the commercial property team. Swain emphasized the significance of the acquisition, stating that it enhances Logson Group's market reach and positions Challenge Packaging for continued growth.
"We are thrilled to have been part of this transaction and to see the deal come to fruition. Joining with Logson will allow Challenge Packaging to expand and evolve its market-leading capabilities and drive customer service to new levels," Swain remarked. He highlighted the close collaboration with Challenge Packaging's shareholders throughout the process, ensuring a smooth transition and the continuation of the company's leadership under Logson Group.
Simon Allen, Chairman of Challenge Packaging, expressed satisfaction with the outcome, emphasizing the importance of structuring a deal that ensures continuity for the workforce while securing the best deal for the shareholders. He praised Clarke Willmott for delivering comprehensive and understandable advice, making the collaboration a pleasure.
The successful sale underscores Clarke Willmott's expertise in facilitating strategic acquisitions, contributing to the growth and development of businesses in the dynamic landscape of the packaging industry.