Shropshire manufacturing company Ambroplastics is targeting further organic growth after undergoing a management buy-out led by managing director Tom Teichmann.

NatWest funded the deal alongside significant personal investment by the executive team which was advised by Birmingham-based Fusion Corporate Finance.

Ambroplastics is one of the UK's largest specialist makers of polypropylene packaging and presentation products, used within the corporate sector and printing and advertising industries.

The company, formed in 1966, employs 30 at its base in Telford, and was bought from its parent firm Celsur Holdings.

The buy-out team, which includes four of the company's senior managers, Paul Kelly and Darren Yates in production and Phil Caudle and Chris Corbett in sales, is looking forward to implementing plans to grow the UK market share of the company.

As part of this the firm is aiming to increase its presence in the branded stationary market.

Stuart Hands, partner at Fusion Corporate Finance, advised and negotiated the deal on behalf of Mr Teich-mann and his team.

NatWest funded the buy-out and bought in specialist partners from the Royal Bank of Scotland Group to structure the financing.

The Leicester office of Lombard refinanced the plant and machinery while Royal Bank of Scotland Invoice Finance has provided working capital.

Mr Teichmann said: "We moved to new premises in 2004 to accommodate our growth and with the buy-out this year, this is very much a progressive company.

"We will consolidate and expand our position as a market leader and also move into new markets to fully exploit the potential of Ambroplastics."

Brian Seadon, manager, commercial banking at NatWest, said: "Tom and his team are very committed to growing the business aggressively over the next few years. We have delivered a funding package that provides the required flexibility to meet this growth."

Mr Hands said: "With significant personal investment by the new shareholders and with the support of NatWest, the business is stronger than ever, which is excellent news for its customers, suppliers and employees." ..SUPL: