Management buy-in for Yorkshire box making firm after £2.1m investment

Box manufacturer ASC Cartons has received a £2.1m investment to part fund a management buy-in (MBI) of the firm.

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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ASC 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.

Andrew Woodhead, left, Karl Wilson, Simon Kelsasll (Frontier Development Capital), Celia McKrieth-Deane, Ashley Power, and Robin Welch.Andrew Woodhead, left, Karl Wilson, Simon Kelsasll (Frontier Development Capital), Celia McKrieth-Deane, Ashley Power, and Robin Welch.
Andrew Woodhead, left, Karl Wilson, Simon Kelsasll (Frontier Development Capital), Celia McKrieth-Deane, Ashley Power, and Robin Welch.

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."

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