Amcomri Group has confirmed the acquisition of Premier Limpet, the UK’s largest manufacturer of printed adhesive tape, for an undisclosed sum. Premier Limpet will join Amcomri’s manufacturing division. The deal was initiated and led by PKF Smith Cooper’s Nottingham team.
The purchase by Amcomri Group provides a retirement exit for the majority shareholders, Chairman Bob Edwards and Finance Director Des Irwin. The company’s Managing Director, Tony Edwards, will remain with the business.
Premier Limpet operates manufacturing plants in Cambridgeshire and Hertfordshire and delivers over 48 million square metres of tape per year, which it sells exclusively to the trade through a well-established network of distributors throughout the UK.
Throughout the COVID-19 pandemic, Premier Limpet supplied social-distancing tape for floor application in various retail and other public settings, having developed its own unique tape formulation.
Mark O’Neill, Investment Director at Amcomri Group, commented: “Premier Limpet is an extremely well-run business that has performed particularly well during the recent difficult trading period.
“We wish Bob Edwards and Des Irwin well in their retirement and are excited to work with Tony Edwards and his team to continue the success of the business.
“The acquisition of Premier Limpet further strengthens Amcomri Group’s manufacturing division and provides Premier Limpet with the opportunity to further strengthen its market leading position in a sector that is displaying steady growth.”
Tony Edwards, Premier Limpet Managing Director, commented: “For the team at Premier Limpet, our focus remains unchanged as we continue to work hand-in-hand with our distribution partners across the UK.
“Recent changes in the global supply chain have highlighted the advantages of working with UK manufacturers, offering high-quality products delivered on a just-in-time basis.
“Drawing on the extensive manufacturing experience within the Amcomri group will enable us to accelerate our ongoing development programs, designed to further enhance efficiencies, optimise cost, and reduce our carbon footprint, as we continue our journey of delivering best value to our distributors.”
A deal team from PKF Smith Cooper Corporate Finance, led by Director James Ward, was appointed to advise Premier Limpet’s shareholders throughout the transaction.
James Ward added: “The sale puts Premier Limpet in a strong position for continued growth and provides a great opportunity to explore new markets, with the backing of Amcomri Group and their extensive network of industry connections. I wish them both the best of luck.”
The sellers received legal advice from Corporate Law specialists, Austin Moore & Partners.