Selecta, the European merchandising and occasional products and services supplier, has bought Custompack Ltd previously referred to as Chequer Foods Ltd, to PortionPack Europe Group, the European specialist within the box of portion packed merchandise, by way of its UK primarily based corporate Single Source Ltd.
Custompack makes a speciality of the availability of unmarried portion pieces akin to rainy sauces, dry merchandise and portion packing to its shoppers from its meeting amenities in Telford UK. The trade generated web gross sales in far more than €20 million within the 12-month length to end-June 2018.
David Flochel, CEO of Selecta Group, commented: “Custompack is a good solid business. However, given our focus on being the leading unattended self-service convenience food and beverage operator in Europe, we feel Custompack is non-core and that its future growth can be better supported by a new owner. PortionPack operates in the same industry as Custompack, understands how the business works and can drive the business forward. Selecta will continue to source products from Custompack.”
The monetary phrases of the transaction have no longer been disclosed.