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MBO at Fenton Packaging Solutions
16 May 2023
Ownership of the company has passed from former managing director Bob Clarke to sales development director Chris Warren; supply chain director David Wilson; and finance director Sharon Dakin – who are now joint managing partners.
“Over the last 18 months, Bob Clarke had very much stepped back from the day to day running of the company with a view to considering a number of options regarding the sale of the business and to plan for his semi-retirement,” says Sharon Dakin. “After considering a number of selling options, the MBO option was viewed by Bob as the preferred route for his exit from the company.
“As an MBO team we are very pleased to assume responsibility and ownership of the company as we feel that our continued involvement provides both a balanced and stable management platform to support the business moving forward. We are also a known, committed and visible management team and as such have been able to positively contribute to the improvement of the company over the last two years.”
Last year, the company relocated to a 65,000 sq ft site in Leeds and rebranded as Fenton Packaging Solutions. The company had invested over £1 million to streamline its operations and put a new fleet on the road, as well as developing sustainable packaging solutions.
Around half of the company’s product lines are made from highly-recyclable metal and it is actively migrating customers to PCR Plastic Containers which contain a minimum of 30% recycled content.
“We are putting a lot of emphasis on bag-in-box packaging solutions,” says Chris Warren. “The weight- and space-saving is an obvious advantage, but the fact that the whole packaging can be recycled where facilities exist is also hugely important.
For more information, visit www.fentonpackaging.co.uk