Cardiff-based goods not for resale (GNFR) company which provides retailers with packaging and consumable goods has announced an acquisition.
CCS McLays has acquired TPSG Procurement as it looks to strengthen its presence in the food and retail packaging sectors as part of its growth strategy. The move comes as part of CCS McLays’ long-term strategy to move into different retail sectors, such as supermarkets, groceries, and hospitality.
CCS McLays said its revenue and product lines had grown in the food-related market, and the acquisition would see it develop further into this field with the expert knowledge of TPSG Procurement.
Ian Hall, CEO at CCS McLays, said:
“TPSG Procurement proved to be an attractive business in a key sector, and we felt that founder Andrew McNair is a personable asset that can help us develop as a business with respect to both our medium- and long-term growth strategy. We feel that we have the required infrastructure to allow TPSG to flourish within the CCS McLays Group.”
TPSG has been a leading supplier of reusable carrier bags, e-commerce, and gift packaging to many well-known high street and online retail brands in the UK, Europe, and North America including Iceland, Finish Line and DTLR.
Andrew McNair, founder of TPSG Procurement, said:
“From the very first meeting with the CCS McLays team, I could only ever see success. The infrastructure and support they would provide on an international scale, alongside a shared passion for giving customers exceptional service, resonated with me. It’s unusual to see a big company with such a wonderful personality, and ultimately, it was an easy decision to become part of that team.”
TPSG Procurement will now be known as TPSG Packaging under CCS McLays.
