The new company, to be called McLaren Corrugate Ltd., will be formed from a 50/50 split combination of McLaren’s corrugate factory in Port Glasgow and VPK’s East Kilbride sheet factory, which it acquired in 2021.
Announced earlier this week, the joint venture will be led by a management team from McLaren, which will have operational control of the new business.
Donald McLaren, McLaren Packaging managing director, said: “We are delighted to establish a new joint venture focused on corrugated packaging with VPK’s East Kilbride site.
“We are both family-owned, entrepreneurial businesses and have shared values, which is always a recipe for success.
“This exciting partnership marks a significant milestone for both our corrugate businesses in Scotland. It enables us to use the strengths of the combined companies to deliver a wider corrugate range and service offer, thereby creating greater value for our customers.”
VPK UKI managing director Jeremy Anderson added: “This is an exciting move for VPK UK & Ireland. McLaren Packaging has a strong position and reputation in the Scottish food and drinks markets, and we have the corrugate manufacturing capabilities to support growth.
“Tremendous opportunities exist between our East Kilbride site, which will enter the joint venture, and McLaren Packaging. The new business will be under operational control of and overseen by a leadership team from McLaren, giving it the local support and focus it needs.”
