The UK-based aluminium foil container producer was last week acquired by Bawtry Investments Ltd - a UK manufacturer of carbon products based near Doncaster and a subsidiary of Bawtry Carbon Ltd.
The parent company manufactures carbon products that are a key component in the process for the production by smelting of primary aluminium metal from its ore.
No financial details were disclosed.
Nicholl, based in Staffordshire, England said the deal was a “very positive” development and believed it would “provide greater opportunities to maximise the potential of the group” and trigger “enhanced long term growth and profitability”.
Growth strategy
E John Griffith, Nicholl chief executive told FoodProductionDaily.com: “This exciting development will provide us with the opportunity of fulfilling our strategic objectives and to improve the performance of all of our businesses with the Group.”
Bawtry hailed the deal as a key element in its own growth plans
“This acquisition is a key part of our own growth strategy and a further demonstration of our commitment to sustainable manufacturing,” company director Richard Barrick. “We are confident that Nicholl will make an immediate and significant contribution to our continued success and development.”
The acquisition comes just over two years after a major financial restructuring in the firm as Barclays Ventures became a major shareholder.
