The packaging and e-commerce distribution giant will work with Rutland Partners to execute its strategic plans and grow its global footprint and manufacturing capabilities.
Rutland Partners’ (undisclosed) investment will support the existing management team as the distributor is on the verge of expanding customer services, pursuing domestic and international growth goals and exploring targeted acquisitions.
Craig Turner, managing director of Southgate, told Packaging News that while it was too early to give details, the deal will allow “further acquisitions, investment in manufacturing and global expansion.”
“We looked for a new investor who would make a significant investment in the group and support the existing team to achieve our strategic goals. We are delighted to welcome Rutland Partners as an investment partner and look forward to working with them in the years to come.
Oliver Jones, Partner at Rutland Partners, said: “We have been very impressed with the way the Southgate team has built their business by focusing on strong client relationships. They have a strong track record of innovation and growth, with a strong focus on helping their customers meet the ongoing challenges of becoming more environmentally friendly. Southgate’s existing international network and distributor base provide an excellent foundation for future growth going forward, and we look forward to working with Craig and the team to help deliver the next phase of the group’s expansion.