Quercus announces a major deal in the FMCG sector

September 6, 2021
Andrew Clegg

The Quercus team, led by Andrew Clegg and Mark Winkler, advised the Board of Dri-Pak Limited (“Dri-Pak”) on the sale of the company to Finfenario Limited.

Headquartered in Ilkeston, Derbyshire, with manufacturing and packing operations in Manchester, Dri-Pak is a leading supplier of branded and retailer own brand cleaning and laundry products and the UK’s largest independent salt packer. Dri-Pak’s product portfolio includes table salt, dishwasher salt, soda crystals, white vinegar cleaner and liquid soap, which it sells into the UK and European retail sector.

With a 50-year heritage, Dri-Pak is a third-generation family business and Quercus has been working closely with the family since 2019 to formulate an exit strategy and prepare the business for sale. Following receipt of unsolicited approaches, through our extensive relationships we identified Finfenario as a logical buyer for the business and managed the sale process from start to finish.

Bruce Maxwell, Managing Director of Dri-Pak said:

 “My family and I are delighted that Dri-Pak has joined forces with the Finfenario team and we are confident that the business will thrive under their ownership.  The sale is the culmination of a two-year journey with Quercus who have guided us sensitively every step of the way. The quality of the advice and service we received throughout was a significant factor in a successful transaction and we are delighted with the outcome.”

Andrew Clegg, Partner at Quercus added:

 “To have been trusted by Bruce and his family to deliver a successful sale process after fifty years of family ownership has been a rare and satisfying privilege. Dri-Pak is a highly-respected British business with a reputation for producing high-quality products and exceptional customer service. With the injection of energy that comes from new ownership I look forward to seeing the company prosper in the coming years.”

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