Vanguard Vertex has acquired TPCC Holdings Limited, which owns subsidiaries The Printed Cup Company and The Paper Cup Company.
Vanguard Vertex has acquired 100% of TPPC shares for an undisclosed amount, with plans to expand the manufacturer’s range of products and grow turnover to over eight figures. The multi-million pound turnover business employs a team of 30 staff across its UK and China operations, including a 15,000 square foot manufacturing facility in Clitheroe.
TPPC’s subsidiaries have been trading for 19 and 20 years, producing a range of paper-based drinks cups and food pots, and recyclable plastic cups, as well as accessories such as drinking straws, lids and stickers. The companies supply customers across the UK and Europe.
Oliver Alcock, founder of Vanguard Vertex, said: “There’s vast opportunity to expand the supply of paper-based and recyclable plastic food and drink containers. Cafes, coffee shops, takeaways and bars, as well as festivals and events are looking for sustainable and circular ways to serve customers. We are well positioned to meet this demand. The company has a strong history of manufacturing bespoke cups and the ability to meet the demands of operators of all sizes.
“The TPPC management team were very helpful and supported a smooth acquisition. We’re now very much focused on innovation and strategies for expanding our product ranges.”
Gemma Catlow, legal executive at Forbes Solicitors, who advised Vanguard Vertex, added: “Vanguard Vertex prides itself on providing business owners with a straightforward, clearly defined exit, which respects everyone’s goals. We were able to work closely with the TPPC management team and their advisers to achieve this.”