T. Freemantle, the leading manufacturer of cartoning and sleeving machinery to the food and beverage industries has been acquired by Lifco.

The deal will see Tony Freemantle the founder of the company retire with previous sales director Richard Kitchen taking on the role of managing director.

Richard said: “I am delighted to report the acquisition of T. Freemantle by Lifco and feel that Lifco will be the perfect custodian for the company. The deal delivers excellent value for the shareholders but also importantly a stable and secure future for our valued employees and long standing clients”.

The Swedish headquartered Lifco, is a group of businesses which currently has a total turnover of SEK 13.9bn, employs 5,400 people and has 164 companies operating in 30 countries.