A plastic bottle manufacturer in Sherburn-in-Elmet has been acquired by a rival company a year after being bought out of administration.
Constar UK had been part of the US-headquartered Constar Group before the parent group ran into trouble following the loss of a major contract with PepsiCo.
The North Yorkshire business was then taken over by Sherburn Acquisitions Ltd in a £4.3m deal which saved around 140 jobs.
It has now been acquired by Esterform, which is based in Worcestershire and has a site in Leeds. Esterform currently manufactures 1.5 billion plastic bottles and containers – known as polyethylene terephthalate (PET) preforms – from its two sites and this acquisition will take the group’s overall capability to more than 3 billion units.
Esterform’s founder Mark Tyne said: “The two companies manufacture very similar products with a good deal of duplicate tooling, so it makes perfect sense to merge Constar into the Esterform group.”
The acquisition of Constar follows Esterform’s announcement three weeks ago of £8m of investment in brand-new manufacturing technology.