Buyout secures jobs at paper sacks firm
News release
23rd June 2011Eighty-three jobs at a Lincolnshire paper sacks manufacturer have been secured after a management buyout brokered by corporate finance experts Queensgate Management .
D S Smith Sacks, a division of D S Smith plc , which employs 83 workers in Horncastle, has been acquired by its managing director and finance director and relaunched as Forum Packaging .
The new management team of Mark Spivey and Rob Massey say all the jobs at the company are safe