Management Buy Out: Wells Plastics Limited
Virgin Money UK Plc (Virgin Money) provided a funding package which assisted the management team of Wells Plastics Limited (Wells Plastics) to complete a buyout from private equity.
Wells Plastics, formed in 1984, is the largest independent specialist additive masterbatch manufacturer within the UK, offering a wide range of functional additive masterbatches and bespoke compounds with a capacity in excess of 10,000 tons per annum. With an experienced team of technical, sales and production staff, extensive development and manufacturing facilities based in the heart of the United Kingdom, Wells Plastics offers a wide range of products and services to the plastics processing industry both within the UK and internationally.
Crowe's role and team
Crowe provided specialist financial and tax due diligence and transaction support services to Virgin Money, with Andy Kay and Phoebe Turner leading the Corporate Finance team.
