Label Apeel, a manufacturer of plain and printed self-adhesive labels, has been bought by the son of its founders.

Label Apeel, a manufacturer of plain and printed self-adhesive labels, has been bought by the son of its founders.

The company, which also produces swing tickets for organisations in the food, retail, manufacturing and pharmaceutical industries, was acquired for an undisclosed sum.

Label Apeel is now entirely owned by managing director Stuart Kellock after he bought the majority shareholding from his parents, Jim and Barbara Kellock, who established the business 13 years ago.

Stuart, who had previously held a modest stake in the business, also bought his sister’s minority shareholding.

MacIntyre Hudson Corporate Finance (MHCF) provided lead advice and was led by corporate finance principal Rabby Persaud, executive Gemma Lipscomb, with Rachael Salter providing specialist tax advice.

Persuad commented: “The deal has allowed Stuart to continue running and growing a well-respected local company at the same time as satisfying the family succession issues.”

Auditing work provided by MacIntyre Hudson (MH) was led by principal Ian Betteridge.

Kellock received legal services from Bray & Bray Solicitors, led by Ian Lewis.

The deal was backed by Lloyds TSB Commercial Finance, which also provided working capital to support the growth of the business.

The bank’s funding was co-ordinated by Andrew Crossland in its Birmingham office who was assisted by local area director John Mackenzie.

Leicester-based Label Apeel has 44 employees who support its clients throughout the production process from artwork to completion.

New CEO Stuart commented: “Full ownership of the company will allow me to build on our existing strengths and shape the future strategy.

“I aim to support the continued growth of the business with very little obvious change – it’s very much a case of business as usual.”