Wed, 03 Jul 2024 | BUSINESS SALE
A manufacturer and distributor of temporary protective peelable coatings serving a range of sectors has been acquired by a Swedish group. The cross-border deal sees Swedish public group Bergman & Beving (B&B) acquire Northamptonshire-based Spraylat International.
Spraylat International’s temporary protective peelable coatings are designed for windows and primarily used in renovations and new constructions. The company generates around half of its turnover in the UK, with the remainder of sales occurring internationally.
Sell-side advice was provided to the company’s shareholders by a partner-led advisory team from PKF Smith Cooper Corporate Finance. The PKF team, comprising Darren Hodson, Josh Gurton and Lauryn Mayson, led a full sales process that ultimately identified B&B as a suitable buyer.
The B&B group consists of approximately 30 companies, generating around £375 million in total revenue each year across 25 countries.
PKF’s Darren Hodson commented: "Spraylat has developed innovative products that have worldwide relevance. The deal with Bergman & Beving will secure investment into the business that will ultimately drive further growth. It's great to see Midlands businesses continuing to secure international investment."
Spraylat International Managing Director Andrew Keir commented: "Darren and his team were excellent throughout the deal, helping us identify Bergman & Beving as the right partner, and supported us each step of the way to navigate this complicated cross-border deal. They provided invaluable insights throughout the deal."
Gateley Legal provided legal support on the deal, with Gateley partner and Head of Corporate in Birmingham, Andrew Cowan, saying that “Bergman & Beving seems to be the perfect home for Spraylat's niche product range and its exciting growth opportunities."
Read more about emerging trends in UK manufacturing sector M&A
Despite its economic woes, the UK remains the most attractive destination in Europe for domestic and cross-border M&A activity
Established in 1980, this long-standing electric motor repair business is available for acquisition. With a successful trading history spanning over 40 years under the current proprietorship, the business has become synonymous with excellence in elec...
This is a unique opportunity to purchase 2010 established Porsche partner business, delivering exceptional servicing solutions for classic and modern cars since 2014. Although they mainly service the regions of Suffolk, Essex, Norfolk, Cambridgeshire...
A profitable opportunity has arisen to purchase 2005 established electrical contractor mainly working within the commercial and light industrial sectors of construction and engineering. Work is typically carried out within an 80 mile radius of Bedfor...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.