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.

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.

The deal was project managed by Rabby Persaud, a director at MacIntyre Hudson Corporate Finance, with Kellock receiving legal services from Bray & Bray Solicitors.

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