The business is located in Leicester and has a Ugandan subsidiary. It specialises in the manufacture of packaging, packaging machinery and contract packing for the food sector.
In 2013 Khalid was awarded the "Pearl of Africa Lifetime Achievement Award" in honour of his contribution towards social economic transformation of Uganda and attainment of United Nations Millennium Development Goals across Africa.
On behalf of his family members,? Shahid Sheikh OBE – the company's managing director, issued the following statement:
"It is with deep personal regret and a heavy heart that I write to inform you of the recent passing of our beloved elder brother Khalid Sheikh, Chairman of Clifton Packaging Group Ltd.
"Khalid was the founder of Clifton Packaging and has been at the forefront of the company for over 33 years. It has been his relentless inspiration and passion that has helped to create our excellent reputation, which has driven us to where we are today.
"Each of us not only grieves at the passing of a tremendous individual but also for the loss we as a family suffer at the sad demise of our elder brother, who has always been both the head and heart of our family.
"No words can adequately express our sadness of Khalid's demise but we will ensure that his memory is maintained by dedicating ourselves to continuing the work he passionately devoted himself too."