We are delighted to have advised K.M. Packaging Services Limited on their sale to an Employee Ownership Trust (EOT).
Founded in 1984, KM Packaging is a leading global supplier of flexible packaging and lidding films to the food manufacturing industry.
The business has a worldwide customer base spanning across five continents and supplies packaging solutions for the produce, ambient, chilled and frozen convenience food markets, as well as for confectionery and snacks.
The shareholders appointed us to explore potential options in relation to their exit and succession strategy, one of which was the prospect of implementing an EOT.
The shareholders agreed that an EOT aligned with their core values and delivered the best outcome for the shareholders and employees of the business, who will now benefit from the continued growth of K.M. Packaging.
We ran a multi-track process engaging with trade buyers whilst exploring alternative options such as an EOT. This approach ensured the shareholders made the right decision for them and the long-term success of the business.
KM is a proudly independent company and has achieved significant growth in both domestic and export markets. The EOT is a natural transition as it builds on the company's values of Trust, Ownership, Passion, and Innovation that have been established over the last 38 years. The company's employees are passionate about the business and its values. They are the people who should reap the future rewards for their hard work and dedication.Charles Smithson Managing Director, K.M. Packaging Services Limited