dains news » Dains act as lead adviser as DAT-Schaub acquires a stake in TruNet Packaging Services
Dains act as lead adviser as DAT-Schaub acquires a stake in TruNet Packaging Services
Dains Corporate Finance has recently acted as lead adviser in a deal which sees Danish international food industry supplier DAT-Schaub acquired 50% of the shareholding in Derbyshire based TruNet Packaging Services.
Working closely with Managing Director of TruNet Packaging services Stuart Revill, Dains’ Spencer Wright and Richard McNeilly led the transaction which will enable food industry supplier TruNet Packaging Services and the Danish international food industry supplier DAT-Schaub to increase their joint activities in the UK and Ireland.
DAT-Schaub has through DAT-Schaub UK Ltd, been active in the UK since 2006, selecting hog casings at large slaughterhouses throughout UK. Other DAT-Schaub companies primarily from Denmark have performed the UK sales.
Established in 2006 by Stuart Revill, TruNet Packaging Services is one of the world’s leading manufacturers of elastic and nonelastic meat netting, elastic poultry loops, twine and packaging material for the food and horticultural industries.
Managing Director Stuart Revill is very satisfied with the arrangement. “Our field is rapidly developing both in size and complexity. Clients expect a broad product range and full service from their suppliers and will concentrate their purchasing on those suppliers who are willing and able to take complete responsibility for the entire supply chain. This move will enable both TruNet Packaging Services and DAT-Schaub to successfully manage this trend”, says Mr. Revil.
DAT-Schaub CEO Jan Roelsgaard agrees. “The most powerful competitive advantages arising from this arrangement are savings and market strength, which will increase because the new company will have the broadest product range in the meat segment and furthermore it will effectively meet the changing requirements of major customer accounts, who are actively encouraging these kinds of partnerships”, says Mr. Roelsgaard.
Commenting on the deal, Richard McNeilly comments: “We completed this deal in a relatively short amount of time, however what is clear is that both parties are enthusiastic about the new opportunity, whilst recognising the challenges. It is a classic combination of a strong local specialist who has a powerful local market presence with a major multi-national player that is rapidly expanding internationally. We wish them every success in the future.”