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06.04.2022
Latest News KM News and People / Press Release

KM Packaging is Now an Employee Ownership Trust

Global flexible packaging and lidding films supplier KM Packaging has announced that it is now an Employee Ownership Trust (EOT).

KM Packaging, founded in 1984, says the move will ensure it maintains core values while continuing to grow and innovate for the greater long-term benefit of its employees, customers, and partners.

Charles Smithson, Managing Director, said: "KM is a proudly independent company and has achieved significant growth in both domestic and export markets. The EOT is a natural transition as it builds on the company's values of Trust, Ownership, Passion, and Innovation that have been established over the last 38 years.

"The company's employees are passionate about the business and its values. They are the people who should reap the future rewards for their hard work and dedication."

How EOT Will Help KM Packaging

KM Packaging has a worldwide customer base and supplies packaging solutions for the following markets:

While the existing management team continues to manage the company on a daily basis, the Trust acts as a guiding hand to ensure long-term stability and success.

The current directors, Charles Smithson and Graham Holding, will remain with the business and look forward to delivering on the company's investment and growth strategy.

KM has been supported and advised on the EOT transaction by Grant Thornton UK LLP, HSBC UK Bank plc, and Harrison Clark Rickerbys Limited.

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