A UK private equity firm has acquired paper carton packaging specialist Quantum Print and Packaging, with a new managing director joining the team.
The Wednesbury, West Midlands-based company was purchased by Continuance Capital in a deal completed this August, with accounting firm Gerald Edelman acting as adviser on the acquisition.
Continuance Capital’s operating partner, Owen Newton-Hill, was appointed as managing director at Quantum in September following the acquisition.
The management team will remain unchanged, Newton-Hill told Printweek, with former managing director Giles Foden continuing to play a central role in the business and supporting customers.
Commenting on the acquisition, Newton-Hill said: “Quantum represented an exciting opportunity because it operates in a resilient segment of the market, with an experienced team known for delivering exceptional service, and a longstanding customer base that truly values the partnership.”
He added that he was excited to be part of Quantum’s next chapter, “building on our strong foundations to grow alongside our customers, support new partnerships, and explore strategic opportunities that can accelerate our position in the market.”
Formed in 2005 from the combination of EW Box Co and Holmes Printer, Quantum is based out of a 2,800sqm facility near the M6 at Walsall and specialises in printed and plain carton packaging.
In 2014 a MBO saw former sales director Giles Foden and production director Peter Thomas take the reins as joint managing directors of Quantum. Thomas resigned in 2020.
In its latest financial accounts ending September 2024, Quantum reported an average of 29 employees.
Continuance Capital is an investor that targets UK businesses with £1-5m EBITDA and aims to acquire established B2B businesses, with its four acquisitions to date being in the packaging and waste management sectors.
Its portfolio includes PeterLynn Labels, a label printer in the East Midlands that specialises in inkjet, digital toner, flexographic and foil-based printing, and Jones Skips, a West Midlands-based waste management company.
Matt Ball, director of transaction services at Gerald Edelman, said: “We’re delighted to have played a role in supporting Owen and the Continuance team in completing this transaction. We have no doubt Quantum will continue to thrive and wish them all the best for the future”.