Dubai, UAE | Sep 17 2017 – Visionscape Group announced that it has completed the purchase of business and assets of Vision Gelpack, a leading manufacturer of polyethylene films, liners and sacks to the food processing, beverage, waste management industrial sectors. Visionscape has acquired the business as part of its European operations.
The Vision Gelpack group of companies primarily focus on the development and production of high performance films, bags, liners and sacks for a range of industrial sectors and has maintained a strong position in the market as one of the largest privately owned polyethylene flexible packaging manufacturers in the U.K. The transaction is consistent with Visionscape’s objective of increasing revenue streams and expanding into the European market while supporting the Group’s strategy of being a global player in the provision of turnkey waste management and waste to energy solutions across emerging markets.
“We are excited to welcome Vision Gelpack to the Visionscape Group, “said Harry Ackerman, Executive Director at Visionscape. “With over four decades in profitable business, Vision Gelpack was a great strategic fit for us and value-added on all sides. We have made an excellent investment and Vision Gelpack’s established reputation will enable Visionscape to provide a more comprehensive range of services and solutions to the millions in the markets we operate.???
Visionscape is a global environmental utility group providing turnkey solutions in areas of sanitation, energy and wastewater treatment. The company aims to reinvent waste management processes, specific to emerging markets, utilising cutting-edge technology and tools to address the waste management needs of megacities. Visionscape also offers services for commercial, residential, industrial, and healthcare clients.
For more, please visit www.Visionscape.group
Vision Gelpack is a leading manufacturer of plastic packaging and specializes in the development and production of high performance films, bags, liners and sacks for a range of industrial sectors.
ABOUT HIGGS & SONS
Higgs & Sons is an award-winning Midlands law firm, employing over 230 people. Recognised nationally and across the Midlands, Higgs & Sons is proud of its heritage and reputation for consistently delivering exceptional standards of service. The firm provides an extensive range of services, including: corporate and commercial, employment, residential and commercial property, dispute resolution, insolvency, personal injury and clinical negligence, family and private client.
David Ellis, partner and Head of the Insolvency team at Higgs & Sons was delighted to lead the team advising Visionscape on the purchase of Vision Gelpack. Other members of the team involved included Nathan Gray and Sara Shepherd.
“It was necessary to work to a tight timetable in order to conclude the purchase before the value of the goodwill had been lost and to avoid further job losses??? explained David
“We are proud to have had this opportunity to work with Visionscape in the UK in helping it in the furtherance of its global strategy and wish the purchaser every success with its acquisition??? .