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InterFlex Group Acquires UK Converter

Thursday, March 13, 2008

Press release from the issuing company

WILKESBORO, N.C., March 12  -- The InterFlex Group, a flexible packaging company with facilities in the USA, Scotland and Brazil, is pleased to announce the acquisition of EBR Limited, a leading flexible packaging converter with strong market positions in the UK bakery and snack food sectors. The transaction was completed through InterFlex's subsidiary, InterFlex Scotland, and in conjunction with its equity investment partner, Red Diamond Capital.

Based in Sunderland, England, EBR is a major supplier to a number of global packaged food companies in the United Kingdom and Ireland. The company and its management team have an established reputation as technical and quality leaders and have garnered multiple packaging awards over the last decade. The acquisition provides InterFlex with significant scale to compete across multiple market sectors and expands its product lines to now include an array of film and paper laminations, cold seal and coated structures, wax paper and polythene bags. The combined entity will trade as InterFlexGroup and will continue to operate both factories in Dalkeith, Scotland and Sunderland. EBR's senior managers have key leadership roles in the UK operation and have become, as part of the transaction, shareholders in InterFlex.

In addition, InterFlex has secured an additional 25,000 sq. ft facility in North Carolina, USA to support its growing product lines. The building will house its converting activities including slitting, lamination, coating, pouch and bag making as well as additional printing capacity. InterFlex also continues to actively evaluate acquisition opportunities in North America.

"The integration with EBR creates a financially robust multi-site packaging supplier offering UK customers the full compliment of products and technical support. At the same time we will continue to deliver the flexibility and customized service that has been a signature of both companies," noted Stephen Doyle, CEO of InterFlex Group. "We are very excited to partner with the EBR team. This transaction, in conjunction with our US expansion, significantly enhances The InterFlex Group's technical capabilities and pushes revenues above the $100 million level."

 

 

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