Hanmere

The Business

Hanmere is a manufacturer of recyclable polythene packaging products which are supplied into a number of end markets including food manufacturing and agriculture. The Company focuses on engineering-led bespoke production, high service levels and short runs offering customers manufacturing flexibility.

 

The Deal

Chiltern backed an experienced chairman, David Lennon and the incumbent Managing Director, Glen Morris to acquire Hanmere from a family trust.

“Hanmere had been in family ownership for over 30 years. Chiltern backed us and our plan and have supported us to unlock the company’s potential. Working together with the chairman, they’ve brought much greater focus and discipline on top line growth. At the same time, they’ve actively encouraged us to invest in factory capacity through capex and site extension, taking a long-term view on value creation.”

Glen Morris, Hanmere MD


The Plan

Hanmere is a stable, cash generative, specialist provider of polythene packaging products, supplying customers that largely operate in non-cyclical and food related markets. Chiltern will support the team in delivering planned initiatives across operational improvement/lean manufacturing, procurement and a more rigorous approach to KPI reporting and monitoring.

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