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News Corporate 2nd Jun 2021

Freeths Team Advise on Luxury Packaging Deal

National firm Freeths have recently advised the shareholders of Pollard Boxes on their sale to Italian luxury packaging company Pusterla 1880.

Pollard Boxes, based in Leicester, designs, manufactures and supplies innovative, award winning, luxury packaging solutions for the beauty, drinks, gift, entertainment and corporate markets aligning perfectly with Pusterla’s international presence in the luxury packaging market.

The Freeths team led by Tom Brown, Mohammed Abbas (Managing Associate – Corporate) worked alongside a team from Cavendish Corporate Finance led by partners Linda Sullivan and James Ellis to see the transaction through to completion.

Mark Pollard, Managing Director of Pollard Boxes and who will now take up the role of managing Pusterla’s UK operations, said: “Tom and his team repeatedly demonstrated the value of having 1st class legal advice and support throughout the sale process. The depth and breadth of their experience and expertise was a major contributor to achieving an excellent outcome for the shareholders, company and staff. A big thank you to Tom, Mohammed and the team at Freeths”.

Tom Brown, corporate partner at Freeths, commented “We were delighted to work with Mark, his family and the Cavendish team. We’re sure that this marks the beginning of a fantastic new relationship between Pollard Boxes and Pusterla”.

Linda Sullivan, Partner and Head of the Media and Digital Technology team at Cavendish, said “In this transaction we achieved an excellent result for all the Pollard shareholders and with Mark Pollard still at the helm I feel sure that the combined Pusterla and Pollard operations have a great future”.

Freeths has seen an increase in corporate activity in the UK packaging sector over the last year, advising on a number of transactions including Solidus Solutions’ acquisition of Heathpak Ltd.

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