Global flexible packaging and lidding films supplier KM Packaging has become an Employee Ownership Trust (EOT).
Founded in 1984, KM Packaging says the move will ensure it remains true to its core values while continuing to grow and innovate for the greater long-term benefit of its employees, customers, and partners.
"KM is a proudly independent company and has achieved significant growth in both domestic and export markets. The EOT is a natural transition as it builds on the company's values of rrust, ownership, passion, and innovation that have been established over the last 38 years,” said Charles Smithson, managing director. "The company's employees are passionate about the business and its values. They are the people who should reap the future rewards for their hard work and dedication."
KM Packaging has a worldwide customer base and supplies packaging solutions for the produce, ambient, chilled and frozen convenience food markets, as well as for confectionery and snacks.
While the company continues to be managed on a daily basis by the existing management team, the trust acts as a guiding hand to ensure the long-term stability and success of the business. Current directors, Charles Smithson and Graham Holding, will remain with the business and are looking forward to delivering on the company's investment and growth strategy.
KM has been supported and advised on the EOT transaction by Grant Thornton UK LLP, HSBC UK Bank plc, and Harrison Clark Rickerbys Limited.
About KM Packaging
At KM Packaging, we deliver reliable packaging solutions for the produce, ambient, chilled and frozen convenience food markets as well as for confectionery and snacks. Offering one of the most comprehensive ranges of lidding films available on the global market today, we work closely with customers to find the right packaging solution to ensure their products are protected, presented, and preserved.