Bristol, UK-based SH Fiske have been acquired by Somerset-based RH Fibreboard.
SH Fiske has 26 employees, specialising in designing, developing, and producing a range of packaging solutions for a variety of market sectors. Its range includes conventional transit packaging to decorative cardboard boxes.
RH Fibreboard (part of the Goonvean Holdings investment group) views the move as an excellent way to bolster its manufacturing capabilities in the South-West, diversifying its customer base and boosting existing distribution channels.
Following the transaction, the existing management team and employees will continue to run SH Fiske as a wholly owned subsidiary of RH Fibreboard. Sean Baxter, Managing Director of RH Fibreboard, will lead the combined businesses.
“Following Goonvean’s successful acquisition of RH Fibreboard in 2019, we are confident that Fiske’s operations will further enhance our presence in the region and solidify our mutual service levels to the combined customer base,” said Matthew Gazzard, Managing Director, Goonvean Holdings. “SH Fiske’s specialised manufacturing capabilities make it a natural complement to RH Fibreboard, and Fiske’s strong reputation for quality, service and innovation matches RH Fibreboard’s own dedication to high quality design and innovation, operational excellence and speed to market. Supported by Goonvean Holdings, we look forward to working closely with Fiske’s team to capitalise on the significant opportunity that this represents. This acquisition further enhances the customer offerings of both Fibreboard and Fiske.”
“We are excited to join RH Fibreboard, as we bring together complementary product and technology portfolios and the market leading manufacturing capabilities of these two companies,” added Nick Thompson, Managing Director, SH Fiske (who will remain in his capacity, post transaction). “As part of a privately owned group of companies, Fiske will be well positioned to continue investing in new technology and bringing product ideas to life, while creating increased value for all stakeholders.”
“After over 30 years heading the business, we are extremely pleased to be passing over the custody of the company to a family run, investment group who we are sure will facilitate the exciting next stage of the company’s history,” added Richard Jarratt, the previous major shareholder of SH Fiske.
