Management buy-in for Yorkshire box making firm after £2.1m investment
The MBI will see GIL Investments and chairman of Sandland Packaging - Robin Welch - take the helm of the Bradford-based box manufacturer.
Celia McKrieth-Deane moves into the role of commercial director and Ashley Power joins the board as operations director. Both Andrew Woodhead and Karl Wilson remain with the business in advisory roles.
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Hide AdASC Cartons was established over 40 years ago and specialises in the creation of corrugated b oxes. The firm produces bespoke boxes for both large corporate and smaller consumer accounts.
The increased shift to on-line shopping has resulted in increased demand for c ardboard packaging.
Mr Robin Welch said: "We are planning to continue developing the business alongside the current management team and hone in on the growing appeal of cardboard as a sustainable packaging option.
“The debt funding provided by Frontier Development Capital helped us to realise our aims and coordinate a smooth deal."