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In the July issue, Insider talks to Paul Hollick,…

A trio of plastic component manufacturers have joined forces under a new group structure.

Protool Plastic Components Ltd and Protool Precision Plastics Ltd have joined Advanced Plastics Ltd.

The three companies, located in Fareham, Manchester and Hull, will maintain their current identities and market positioning while sharing capacity and synergies across the group.

The group serves customers in three key regions of the UK, with a combined capacity across 68 injection moulding machines.

Chris Pearson, joint shareholder of the Advanced Plastics Group, said: "This is a very proud day for us. We have worked closely with the teams at both Protool sites in Manchester and Fareham for many years.

"They are very much aligned to our culture, core values and technical capability, so this represents a natural convergence of like-minded teams. We are therefore very excited for what the future holds."

Michael Hadfield, managing director of the Protool Plastics Group, who will continue to run the two Protool companies, added: "This represents the beginning an exciting new era for Protool as we become part of an engaging and forward-thinking group, I look forward to working with my group colleagues whilst continuing to support our valued employees and clients on the Protool side."

Advisors from regional firms Andrew Jackson Solicitors and the Smailes Goldie Group assisted on the transaction.

Andrew Funnell, partner and head of corporate at Andrew Jackson Solicitors, said: "It has been a real pleasure to advise on the formation of this new group of companies, whose combined heritage, reputation, technical capability and market share makes it a key player within the UK plastics industry.

"We wish the group every success as it enters an exciting new chapter."

Advanced Plastics / Andrew Jackson Solicitors / Protool Plastic Components / Protool Precision Plastics / Smailes Goldie Group /

Stephen Farrell, Senior Digital Staff Writer T: 0844 980 0183 E: stephen.farrell@newsco.com

Andy Slim, Managing Director, North T: 0161 907 9729 E: andrew.slim@newsco.com

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