Our companies:
Wrap Film Systems

About:

  • One of the largest film and aluminium foil converters in Europe
  • Manufactures a range of innovative dispensing products for use in the catering, hospitality and retail sectors
  • Owns the “BacoFoil” brand 

 

Key facts

Sector: Retail / Manufacturing
Location: Telford
Status: Realised
Website: www.wrapfilm.com

Why we invested:

  • Experienced incumbent management team
  • Wrap Film was the clear market leader in the supply of cling film and aluminum foil to the foodservice sector through its unique patented range of dispensers
  • Strong resilient customer base with no particular concentration
  • Well invested manufacturing facility with significant spare capacity
  • Growing retail and export business

The deal

Size at investment: £21m
Bought from: 3i, private shareholder
Date of investment: October 2007
Deal type: MBO
GCP board member: Garrett Curran

How we are making a difference:

  • GCP played a key role in identifying and executing the strategic bolt-on acquisition of BacoFoil in order to help drive sales in the retail sector
  • Funded a second bolt-on acquisition which allowed the business to enter a new adjacent market sector – hair foil
  • Supported a significant capital expenditure program to both improve both operational efficiencies and develop new patented products for the retail sector
  • Through one of the GCP operational partners helped to develop the retail growth strategy which involved the companies first TV advertising campaign which was launched in Oct 13

Wrap Film turnover

“GCP’s deal structure was very attractive and the team is fantastic in their support for our company and our strategy.”

Adrian Brown, Managing Director, Wrap Film Systems

Exit result

Size: Not Disclosed
Sold to: Cofresco Frischhalteprodukte GmbH & Co KG
Date of Exit: Sep 2015
IRR: Not disclosed
Money multiple: Not disclosed