Hull firm Myton Law helps business acquire paper bag manufacturer Delta Pack

By Hull Daily Mail | Posted: 15 May 2017

A Hull commercial law firm is helping a Kent-based company realise its growth plans after advising on an acquisition.

Myton Law advised food packaging group Grafham Holdings on the acquisition of a controlling stake in paper bag manufacturer Delta Pack Ltd.

Delta Pack Ltd manufactures 400m paper bags a year for the UK retail and food markets, including plain, branded, grease-resistant and foil-laminated bags.

The deal, for an undisclosed sum, was completed at the end of last month and comes after Grafham's earlier acquisition of Retail Packaging Solutions (RPS), which the Hull law firm also advised on.

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James Westwood, corporate and commercial lawyer at Myton Law, said: "Following our work for Grafham Holdings advising on the earlier acquisition of in 2016, we were delighted to support Grafham once again and wish them continued success."

Kent-based Grafham Holdings Limited expects turnover this year to hit £20m. The group is comprised of five food packaging companies, with Delta Pack a supplier to RPS, which supplies pizza boxes, bags, trays and tray liners from its Sutton-in-Ashfield facility.

Kevin Beamon, Grafham's group finance director, said the acquisition was a strategic addition to the company's portfolio of food packaging services, and was in line with its policy of ensuring supply chain security.

He said: "Delta Pack is a good fit for us and we believe it's a business we can develop quickly over the next few years. This investment also contributes to our plans for continue growth through both organic business development and acquisition."

Delta Pack joins other companies within the group, including Hovat, a major manufacturer of printed food packaging such as foils and wraps for the butter, margarine and lard sector, and for sachets and pouches for sugar, soup, tea, coffee and powdered milks.

Myton Law was founded in Hull in 2010. In 2015, the firm relocated to Riverside House in Nelson Street, city centre.

Dating back to the 1800s, the historic building overlooks Victoria Pier and once served as the offices of the Anglo-Soviet Shipping Company.

However, the 4,841sq ft building had become derelict after sitting empty for years, prompting Myton Law to invest £650,000 in a restoration project, to return the premises to their former glory.

Read more: The number of people employed in Hull is the highest on record


 



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