Page 46 - Plastics News Issue December 2024
P. 46
BUSINESS NEWS
Jalex Futures Group acquires
SGH Moulds
As part of the transition following the acquisi-
tion, Martin Jones has been appointed as the
new Managing Director of SGH Moulds. With
over three decades of experience in the plastics
industry, Jones is poised to lead the company
into its next chapter while ensuring continuity
and stability. Founding family members Stephen
and Lynn Howarth will remain involved during
this transitional phase to facilitate a smooth
handover of responsibilities.
n a significant development for the plastics Jalex Futures was founded by Thompson after
sector, Jalex Futures Group has announced its he successfully sold his previous venture, Can-
Iacquisition of SGH Moulds, a well-established Track Global Ltd., in 2021. His experiences high-
player in the plastic injection moulding market. lighted the complexities involved in selling small
This strategic acquisition marks Jalex Futures' and medium-sized enterprises (SMEs), particu-
first full buyout since its inception in 2023, posi- larly regarding succession planning. With this ac-
tioning the company for substantial growth and quisition, Jalex Futures aims to provide tailored
expansion. solutions for retiring owners who may struggle
with finding suitable successors within their fam-
SGH Moulds, founded in 1978 by Kevan and Ste- ilies or organizations.
phen Howarth, has built a reputation as a trusted
supplier to numerous international companies By acquiring SGH Moulds, Jalex Futures not only
across diverse sectors, including automotive, enhances its operational capabilities but also
medical, and industrial applications. With a focus reinforces its commitment to supporting estab-
on tool design and manufacturing, SGH Moulds lished businesses through strategic investments.
operates advanced plastic injection moulding This move is expected to drive innovation and
presses capable of handling up to 360 tonnes. growth within both companies while contribut-
This impressive capability and extensive indus- ing positively to the broader landscape of the
try experience make SGH Moulds an ideal fit for plastics industry.
Jalex Futures' vision.
The acquisition of SGH Moulds by Jalex Futures
The acquisition process unfolded over approxi- Group is a noteworthy milestone that under-
mately seven months, from initial discussions scores the potential for growth and innovation
to finalizing the deal. Peter Thompson, CEO of within the plastics sector. As both companies
Jalex Futures, expressed his excitement about embark on this new journey together, industry
integrating SGH Moulds into their growing port- observers will be keenly watching how this part-
folio. He emphasized that this acquisition aligns nership unfolds and what it means for the future
perfectly with Jalex's strategy to invest in high- of manufacturing in this dynamic field.
growth businesses while addressing the press- Source: - American Chemical Council
ing issue of succession planning faced by many
retiring business owners.
46 PLASTICS NEWS December 2024
