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1w ago privateequitywire Views: 42

BGF-backed Moulded Foams acquires new Scottish manufacturing site Submitted 20/11/2020 - 9:37am Moulded Foams, one of the UK’s largest independent producers of moulded foam products, has expanded its manufacturing presence across Scotland by adding Stornoway to its portfolio of sites. Following an investment from BGF last year, the company, which has existing manufacturing sites in Cumbernauld and Peterhead as well as Lincolnshire and South Wales, has acquired Stornoway based Polybox Ltd. Moulded Foams has already embarked on a reinvestment and renewal programme at the Western Isles based factory, investing in new machinery to support increased demand for fish farming in the Outer Hebrides. Family-owned Polybox Ltd saw Moulded Foams as the natural acquirer of the business to protect and grow capacity on the island. Moulded Foams produces a range of 98 per cent air products which protect food, goods and insulate buildings. With properties including temperature resistance, shock absorption, acoustics and light weight load bearing, the foams supplied by the business help preserve energy and protect the longevity of goods for both export and domestic markets. CEO of Moulded Foams, John Thornberry, says: “We look forward to working with the Management team led by John McPhail and Craig Gillespie of our Cumbernauld site to oversee the investment throughout 2020, 2021 and beyond. “So far, we’ve expanded our operations through a mixture of organic growth and targeted acquisitions. Having factories close to our customers is key to our strategy and we will look to make further acquisitions as we expand our geographical footprint across the UK.” Tags Deals & Transactions -

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