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 fast-growing manufacturing division. The deal was initiated and led by our Nottingham PKF Smith Cooper 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, delivering over 48 million square metres of tape per year that it sells to the trade through a well-established network of distributors throughout the UK.
Producing an extensive range of custom and standard tape solutions, Premier Limpet prides itself on the quality of its service and its extensive product range. The company is also leading the way in the development of environmentally friendly tape solutions, operating its own laboratory to test the performance, quality, durability, and sustainability of new materials.
Throughout the COVID-19 pandemic, Premier Limpet was instrumental in supplying social-distancing tape for floor application in various retail and other public settings, having developed its own unique tape formulation, durable enough to withstand footfall but easily removeable without leaving a glue residue.
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.”
Our team, from PKF Smith Cooper Corporate Finance, was led by esteemed Director James Ward, who 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.