BY Helen Kay | Thursday 13 November 2025
Hull-based Advanced Plastics Group, which makes technical injection moulded products, has become an Employee Ownership Trust (EOT).
This is designed to secure the company’s long-term independence, while recognising the invaluable contributions of its employees to the firm’s continued success.
The business was established in 1992 as Advanced Plastics & Composites Ltd and now employs more than 300 staff, operating from sites in Hull, Manchester and Fareham.
Under the EOT ownership, the company will continue to operate with the same leadership team, ensuring no disruption to colleagues, customers and partners.
Rob Anderson, joint CEO, said: “This is a proud moment in our company’s history. Becoming 100 per cent owned by an EOT allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in the future success of the business.
“Our customers will continue to receive the same high standard of service, with the added assurance that our team is fully invested in delivering excellence.
“We have a strong leadership team at Advanced Plastics Group, fully capable of driving the company’s growth strategy and guiding our colleagues through this transition.
“This is an incredibly exciting time for us as directors and for our colleagues, as we embark on a transformative journey that will secure our future.”
Chris Pearson, joint CEO, added: “Rob and I have huge pride in Advanced Plastics and could not think of a more appropriate way to secure our future ownership succession than with the EOT.
“Our customers, partners, suppliers and colleagues can now be assured of the future of the business, under the leadership of our current team of executive directors.”
Employee Ownership Association chief executive, James de le Vingne, said: “Congratulations to Advanced Plastics Group on making the move to employee ownership and joining a rapidly expanding sector that’s statistically shown to have positive social, community, and environmental impacts.
“As a manufacturer, which as an industry makes up 11 per cent of the UK’s employee owned sector, Advanced Plastics Group’s EO succession will see it anchor the business, jobs and investment in its region for the longer term, playing a vital role in a more sustainable future economy.”
