Case Study

SH Fiske

SH Fiske, a sheet plant specialising in the design and manufacture of corrugated packaging solutions for various industries, located in Bristol.

The Goonvean Group were approached by an independent advisor, acting under instruction of the shareholders of SH Fiske.

SH Fiske represents a significant extension to RH Fibreboard’s production capabilities, and as such the potential combination of both businesses was a very exciting opportunity.

Investment type:
100% share capital

Amount invested:
£1.85 million

Date of investment:
March 2023

Solution

A series of meetings and discussions with the shareholders and advisors resulted in an agreement for the acquisition and a way forward so that RH Fibreboard (supported by Goonvean Group) acquire 100% share ownership.

Outcome

The acquisition went through as planned and following the completion date the two businesses have focused on working together, optimising the skills and capabilities across the two companies.

Capital support has been provided by Goonvean Group to help underpin the combination.

“Having SH Fiske join our existing operations at RH Fibreboard has added a depth in skills and capabilities which has already proven incredibly valuable to our combined set of customers. We have plans to further integrate the businesses but already we are seeing a sound return on the investment.”

Sean Baxter
Managing Director, RH Fibreboard

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