Saica Group has sold three of its UK sheet plants to BoxWay Packaging Group, a newly incorporated corrugated packaging company, for an undisclosed fee.
The former Saica Exeter site
BoxWay Packaging Group has announced ambitious plans for the newly incorporated company following the acquisition of the former Saica sheet plants in Exeter, Peterlee and Telford.
Saica said it had given cautious and diligent consideration to the future of its English sheet plants and to its long-standing customers in these plants, and will work with the new company.
BoxWay is headed by chief executive Andrew Woollard, who has nearly 40 years’ experience with Reed, Bowater, SCA, Smurfit Kappa and Saica.
Woollard will steer the growth strategy of the new company, which he said will feature ‘significant investment’ over the next three years.
He said investment will be focussed in in four key areas:
- Product development – design led solutions, new investments
- Productivity measures – including new print and die cutting capacity, improved print and case making capability, speciality gluing
- ‘Fleet of foot service’ – electric service delivery, fast and more agile speed to market.
- Sales and marketing initiatives – investing in systems and training to support a market led, design orientated sales and marketing strategy.
“With the help of some exciting investment plans our ambition is to grow into new markets and alongside challenger brands that have evolved from the pandemic,” said Woollard.
“We are in a very fortunate position to have an excellent regional spread across the three sites to deliver our services on a nationwide basis and respond to current and future customer needs as and when required.”
Brian Lister, country manager, Saica Pack UK: “Saica Group is very confident that the new leadership and dedicated ownership promises a positive future for our customers, employees and the business at those plants. We remain committed to supporting the business and its three new sites after the transfer to ensure a smooth transition and ongoing growth.”
Article published in Packaging News