Allied Glass has been sold to CBPE Capital in a £130M deal. CBPE had previously owned Allied and sold its share to the Allied management in 2010, in a £75m deal. Equistone Partners Europe supported the management team during the 2010 acquisition. Allied has a workforce of over 660 across two factory sites in Leeds and Knottingley. The bottle maker’s customers include Johnny Walker, MaCallan and Smirnoff. This transaction will see the management team retain a significant stake in the business with a continued focus on growing revenue from existing end markets. Steve O’Hare, partner at Equistone and non-executive director at Allied Glass, said: “It has been a pleasure working with an extremely talented and entrepreneurial team at Allied Glass. The business has grown strongly over the last few years by putting the customer at the heart of everything it does, investing significantly in operational capability and expanding its product offering.” Alan Henderson, managing director at Allied Glass, added: “Equistone has been an ideal partner for the business during this expansion period. We have focused the business on achieving quality and sustainable organic growth while strengthening relationships with our customers. It has been a very enjoyable period working with Steve and Equistone and we are looking forward to working with CBPE again. We have known them for many years and are confident that they are the right partner as we enter the next phase of our development.”
