Belfast Telegraph

Mallusk carton maker reports £7m profit

Ryan McAleer

By Ryan McAleer

Mallusk label and carton maker Multi Packaging Solutions (MPS) made a pre-tax profit of £7m last year, new accounts show.

The Co Antrim company, which employs 162 people from a 130,000 sq ft factory at the Hightown Industrial Estate, was acquired by NYSE-listed WestRock in June 2017.

Its new US-based parent owner is a major manufacturer of paper board, corrugated packaging, folding cartons and labels.

The WestRock takeover of the MPS group produced a $15bn (£11.8bn) company with 45,000 employees based in 30 countries.

The acquisition also resulted in MPS Belfast Ltd adjusting its reporting period in 2017, producing in an extended 15 month analysis.

The latest report covers the 12 months to September 30 2018, with turnover recorded as £26.7m, down on the £31.8m reported for the 15 month period to September 30, 2017. Pre-tax profits were down from just under £10m. MPS paid out £5.7m in staff costs during the 12 months.

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