Allied Glass sold to investment firm

Allied Glass sold to investment firm

January 7, 2020
Allied Glass have been bought by an affiliate of Sun European Partners LLP

British Glass member Allied Glass has been bought by an affiliate of global private investment advisory firm Sun European Partners LLP.

The Knottingley-based company, which is one of the biggest manufacturers of glass packaging for premium spirits and the food and drinks sector, was bought for an undisclosed sum.

Sun European Partners are the European adviser to Sun Capital Partners, which is based in the USA, and its European portfolio also includes bed and mattress specialists Dreams and sofa retailer SCS.

Commenting on the purchase, Sun European Partners said:

“With two manufacturing facilities and a dedicated decoration centre in Yorkshire, Allied is focussed on the short and medium production run segment of the market which values flexibility, a collaborative approach to innovation and extremely high technical standards.

“The company continues to benefit from market trends towards premiumisation and sustainability.

“Over the last three years, the business has doubled its customer base which includes craft manufacturers and the largest blue-chip organisations in the industry and delivered sales growth of 13% per annum.”

Chris Carney, Principal at Sun European Partners, said: “Allied Glass is a market leader in its field with impressive technical capability and a flexible customer-focused approach that sets it apart in serving the high-growth premium segment of the spirits and drink market.

“The impressive management team have been instrumental to the success of the business to date, and we look forward to working together with Alan and his team, whilst further investing in the business to support their continued development.”

Alan Henderson, CEO of Allied Glass, added: “We are excited to be working with Sun European Partners as we look to take Allied to the next level.

“Our business is well positioned within a growing market and Sun’s deep manufacturing expertise will be invaluable as we look to deliver on our potential.”

“Our business is well positioned within a growing market and Sun’s deep manufacturing expertise will be invaluable as we look to deliver on our potential.”