Wednesday, January 27, 2021
Medica Packaging was established in 1922
Managing director Gerard Harford, who joined the business in the role in 2016, and finance director Mark Stokes led the MBO from private equity firm Sullivan Street Partners. The deal was completed last month.
The MBO has been supported by London-based Harwood Private Equity, part of Harwood Capital Management Group, which has £1.7bn of assets under management.
In a statement on the Crewe, Cheshire-based company’s website, Medica said: “Harwood are a very successful investor with significant funds, and they have the financial strength and depth to allow Medica to continue to invest and grow to meet the ever-demanding needs of our customers.