Coral Products

Coral Products is a specialist in the design, manufacture and supply of injection-moulded plastic products, primarily in the media sector. The Company was incorporated in the UK in 1989 and its main country of operation is the UK. Coral initially focused on serving the VHS market and its early success led to its stock market flotation in April 1995. Coral was listed on the premium segment of the Official List until 16 August 2011. Funds raised on flotation were reinvested into the business, including investment in a CD case production facility. In 2000, Coral commenced production of DVD cases. Recently, Coral has sought to diversify its product portfolio in response to declining demand in the media packaging sector. In 2009, a range of solutions for domestic recycled waste collection was launched in the form of kerbside recycling boxes, food waste caddies and associated accessories. In addition, a prototype for a rainwater collection product has recently been completed. Coral also provides trade moulding services for bespoke products, enabling plastic product suppliers to sub-contract production to the company. In August 2011, Coral conditionally acquired Interpack Limited, a reseller and distributor of a range of approximately 300 injection-moulded plastic container products, predominantly to the food manufacturing and food packaging sector. Interpack is based in Luton, Bedfordshire and the acquisition is expected to increase utilisation of Coral's existing production capacity and broaden further the Company's product portfolio. Interpack was incorporated in 2003 by its current directors who identified a gap in the market for supplying smaller food processors and packagers who were unable to obtain the quality and speed of service they required from major packaging manufacturers. Interpack commenced trading in early 2004 since when it has enjoyed almost uninterrupted revenue growth. On 6 September 2011, Coral's shares were admitted to trading on AIM and the acquisition of Interpack became unconditional.