One51 launches new plastics company, OnePlastics
Investment company One51 plc has consolidated seven of its acquired plastic businesses into one brand, the OnePlastics Group.
Comprising MGB Plastics, AAC Plastics, Protech Performance Containers (UK), Protech Performance Plastics (Ireland), Protech Plastics China, Thormac Engineering, and recently-acquired UK bin manufacturer Straight plc (now Straight Ltd), the OnePlastics Group has a combined turnover of around €150 million (£93 million) and employs 450 people servicing a range of blue chip multinationals.
As well as designing and manufacturing a range of plastic products, including bins, the group also offers ‘full contract manufacturing and related services’.
The brand has reportedly been launched ‘with a vision to be the leading provider of plastics products to a variety of sectors’ and will be driven by investment within the portfolio of businesses and the launch of new products.
‘Ambitious plans for this new brand’
Conor Sugrue, Commercial Director of OnePlastics Group, explained: “The launch of OnePlastics Group is a unique and innovative step and we have very ambitious plans for this new brand.
“The plastics division within One51plc group has been enjoying strong growth in recent years, and the creation of the OnePlastics Group brand as a separate entity will give us a strong platform to realise our vision of becoming a leading manufacturer of plastics products in each of the sectors in which we operate.
“Bringing all the businesses together with all their different capabilities makes sense from a strategic level and also gives our customers access to a very strong offering in terms of price, service and innovation.”
He added that One51 will continue to invest in the businesses within OnePlastics Group to “maintain the highest quality standards, employ talented staff and continue leading the market with new products”.
The head office of the OnePlastics Group is in Dublin, Ireland, but there is also a support office in Boston, Massachusetts, USA.
Find out more about the OnePlastics Group.