The business is a major supplier of printed folding carton board packaging to the food retail sector and has a major presence in the healthcare market, as a manufacturer of cartons, patient information leaflets and labels for pharmaceutical customers in the UK and Europe.
LDC took a significant stake in Benson Group in 2011.
LDC worked in close partnership with Benson Group’s management team, to implement a strategic plan focused on driving organic growth.
This largely focused on leveraging the business’ unique ‘quick-response’ capabilities in the convenience food market, whilst maintaining the very highest standards of customer service and product quality.
LDC also supported the business’ considerable investment in core infrastructure with new plant and machinery installed at all of its UK operations. In 2014, Benson Group made its largest ever print investment, with the purchase of a state-of-the-art format perfecting press machine at its site in Gateshead.
In line with the business’ on-going investment and expansion, Benson Group’s senior management team was strengthened.
LDC sold its stake in Benson Group in May 2014, in a £100million deal with Graphic Packaging International, a leading provider of packaging solutions to the food, beverage and other consumer markets. The deal strengthened Graphic Packaging International’s growing strategic position in the European printed folding carton sector, particularly through Benson Group’s core expertise in the convenience market.
The exit provided an excellent return for LDC in just over two years.
This exit to Graphic Packaging International represents an excellent outcome for Benson Group. Having worked closely with the management team for just over two years, we were keen to ensure the right strategic fit was achieved for the business and we are confident that we have delivered on this objective.Andy Grove, Director, LDC Midlands