Michelmores has advised the shareholders of Atlas Packaging on the sale to Smurfit Kappa UK Limited (SKUK), an integrated manufacturer of paper-based packaging products. SKUK is a subsidiary of FTSE 100 company Smurfit Kappa.
Based in Barnstaple, North Devon, Atlas Packaging is an independent corrugated packaging provider with a strong market presence in the UK. It particularly specialises in shelf ready packaging, gift boxing and the e-commerce sector.
The Michelmores team was led by Harry Trick (Corporate), with support from Stephen Morse (Corporate), Barnaby Baker (Corporate), Anthony Reeves (Tax), Matt Warren (Employment), Jonny Lane (Real Estate) and Jo Woodcock (Construction).
Mark Reeve, Commercial Director of Atlas, commented:
“We are really pleased to have completed this transaction and the management team is looking forward to being part of the Smurfit Kappa organisation. Thank you also to the team at Michelmores – the whole process was made far more straightforward with the assistance of their professional and friendly team”.
Harry Trick commented:
“We have acted for Atlas Packaging for a number of years, so are delighted to have supported the shareholders on this transaction. They have built an excellent business and they were a pleasure to work with“.
Old Mill provided corporate finance advice to the sellers. SKUK was advised by BDB Pitmans and Ernst & Young.
