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Our Corporate Finance team advises Chiltern Capital on its investment in Strata Products

20 March 2024

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Our Corporate Finance team recently provided financial and tax due diligence services to Chiltern Capital on their recent investment in Strata Products (“Strata”), a leading UK manufacturer and distributor of plastic products for the home, office and garden markets.

Strata, founded in 1987 and based in Nottinghamshire, was previously a subsidiary of Berry Global Group, Inc. a Fortune 500 developer, manufacturer and distributor of plastic products, across a broad range of markets. Strata has a 320,000 square feet state of the art factory operating 24/7, to create high quality and innovative products for their global customer base.

The investment wasled by CEO Jay Ilsen, and experienced Private Equity CFO, Ian Hendrie, will join the Board. Management will also be supported through the introduction of an experienced private equity and plastics manufacturing expert, Glen Sabin, as Non-Executive Chair.

Jay Ilsen commented: “Strata has a proven history of manufacturing high quality innovative plastic products, and we look forward to continuing to work closely with our trusted customer base. With Chiltern’s and Glen’s support, we will drive growth in the UK through new product development, as well as continuing our expansion in Europe and North America.”

Andrew Reid, Investment Manager at Chiltern Capital, added: “We are delighted to partner with Jay, Ian and Glen and support another corporate carve out. We look forward to helping Strata capitalise on their strong market position and deliver on the team’s exciting plans to expand the business both in the UK and internationally.”

Chiltern Capital commented: “James Cowper Kreston’s financial and tax advice played a key role in this carve out transaction, and it is always a pleasure to work with its professional and knowledgeable team. James Cowper Kreston swiftly identified the key issues and presented them clearly alongside useful analysis. We look forward to working with Brad and the James Cowper Kreston team again in the future.”

Brad McAvoy who led the team at James Cowper Kreston Corporate Finance, commented ''It was a pleasure to work with Chiltern Capital on another investment and we were very impressed with the team at Strata and their success over the last three decades under periods of both private and corporate ownership. We look forward to following their journey as they navigate through their exciting growth plans for the future and they expand internationally.”

Other advisers to Chiltern Capital included FRP (Debt Advisory), CIL Management Consultants (Commercial DD) and Marriott Harrison (Legals).