An 80% stake in Pattesons Glass Ltd has been bought by a large European operator in a multi-million pound deal. The majority stake in the business has been taken by Industrial Packaging Group (IPG), an €85 million turnover operation based in Belgium operating as Gaasch Packaging. Gaasch Packaging is a family-owned company with operations in Luxemburg, Belgium and Scotland.

Pattesons Glass Limited (“Pattesons”), based in Grimsby, North East Lincolnshire, England is one of the leading U.K. distributors of glass jars, bottles and containers for the food and drink industry. The company employs 24 persons for a turnover of 5,5 million £ (12 months ending August 2016).

"This is a fantastic opportunity for Pattesons to continue its growth and strengthen its operations further still to offer its customer base the best possible service. We are also looking forward to working with such an established business in the packaging sector and all the additional qualities that will bring" says David Mann, Managing Director at Pattesons.

Through the acquisition of Pattesons, IPG will substantially strengthen its international distribution activities with a strategic partner who has an excellent presence in the United Kingdom. This acquisition represents a major step for the international expansion of IPG.

Jean-Christophe Gaasch, Director at Gaasch Packaging adds, "The business and great team at Pattesons are a welcome addition to our already existing activities in the U.K. We were looking for additional back-office support and warehousing space to better serve our Scottish customers and wanted to leverage our know-how in other segments of the market. We found the right match at Pattesons to reach our goals with an experienced and motivated partner".

About IPG
IPG is a leading independent international quality supplier of rigid primary packaging products such as bottles and containers to the food & drink and pharmaceutical & cosmetics industries, employing 46 persons for a traded turnover of €85 million.