In today’s episode, private investor Mark Atkinson and host of The Desert Island Investor rejoins me for a conversation with MPAC CEO Adam Holland.
Mark’s professional background was in the paper and packaging industry. He has been a shareholder in MPAC since 2013 when it was known as Molins.
Adam has enjoyed a varied engineering career, initially working in space technology, then with Rolls Royce and for JCB before joining MPAC initially as COO in 2021. He has a track record of solving engineering problems in global industries and leading teams that provide after-sales care for large multinational customers.
Adam gives us a detailed run-through of the rich legacy of the business he now runs and its evolution into an automation systems provider to the global packaging industry. He talks about the scale of MPAC's market, the challenges, and the opportunities to grow organically with existing and new customers, and via infill acquisition.
We learn from Adam why he prefers to reinvest in the business than to pay dividends today, how MPAC has significant potential in the giga factory market for the scale production of modern batteries, and that scaling the business and maintaining its culture of engineering excellence and customer service is vital in his vision to make MPAC into a business capable of being 10x its current sales level.
Please enjoy our conversation with Adam Holland.
Brought to you by Progressive.
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