One51 Plc has sold Future Industrial Services Ltd to NorthEdge Capital LLP for US$22 million.
Founded in 1999, Future Industrial Services is a UK-based provider of waste management and specialized industrial waste management services to meet the requirement of government, local authorities, public utilities, and national and multinational companies.
NorthEdge Capital is a UK-based private equity firm that typically invests between US$6–60 million in companies with revenues of at least US$13 million and profits greater than US$2 million.
One51 is a leading rigid plastics manufacturer for the packaging, environmental containers and industrial products sectors operating from multiple production facilities in Ireland, the UK, North America and China. One51 employs approximately 1,600 people and is headquartered in Dublin, Ireland.
Oaklins' team in Ireland advised the board of One51 plc in relation to the sale of Future Industrial Services Ltd.
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