Umbrella brand forms over multiple acquisitions
A new plastics company with operations across three countries (resulting from a string of strategic acquisitions) has been launched today, outlining an ambitious growth plan over the next few years.
One51plc has created a new brand called OnePlastics Group which will see seven businesses come together under one brand umbrella with a view to offering plastic products in a variety of sectors.
OnePlastics Group said in an official statement that it plans to grow its client base organically by “delivering innovative solutions and by acquiring strategic targets”, which include the recent purchase of Straight plc - a UK-based wheeled bin and recycling container manufacturer.
Conor Sugrue, Commercial Director of OnePlastics Group, said the new OnePlastics Group brand will be driven by investment within the portfolio of businesses and the launch of new products.
“The launch of OnePlastics Group is a unique and innovative step and we have very ambitious plans for this new brand,” Mr Sugrue said.
“The plastics division within One51plc group has been enjoying strong growth in recent years and the creation of the OnePlastics Group brand as a separate entity will give us a strong platform to realise our vision of becoming a leading manufacturer of plastics products in each of the sectors in which we operate.
“Bringing all the businesses together with all their different capabilities makes sense from a strategic level and also gives our customers access to a very strong offering in terms of price, service and innovation.
“As part of our growth policy we will continue to invest in the businesses within OnePlastics Group. This will allow us to maintain the highest quality standards, employ talented staff and continue leading the market with new products.”
OnePlastics Group currently operates with a combined turnover of around €150million and will employ 450 people servicing a range of blue chip multinationals. It will design and manufacture a range of products across a number of key markets and sectors and will also offer full contract manufacturing and related services.
The seven businesses that comprise OnePlastics Group include MGB Plastics, Straight, AAC Plastics and Protech Performance Containers in the UK. Protech Performance Plastics and Thormac Engineering in Ireland and Protech Plastics China in Shanghai complete the portfolio. It has also created a new support office in Boston, USA.
One51 operates a portfolio of businesses in specialised sectors including environmental services, renewable energy and injection moulding plastics.