Our client
Spraylat is a manufacturer and distributor of temporary protective peelable coatings across a range of sectors. The company manufactures and sells temporary protective peelable coatings for windows primarily in new constructions and renovations. Half of Spraylat’s turnover is generated in the UK, where the company is market leader, and the remaining sales take place worldwide. The company is located in Corby, Northamptonshire.
How we helped
A partner-led advisory team from PKF Smith Cooper Corporate Finance consisting of Darren Hodson, Josh Gurton and Lauryn Mayson provided sell-side advice to the shareholders.
The PKF team led a full sales process, identifying B&B as a suitable buyer for the business. B&B is a Swedish public company comprising approximately 30 companies generating a total revenue of £375 million in 25 countries across the globe. The board of B&B view Spraylat as having good growth opportunities and strong “technical know-how”. Spraylat will be part of the Division Core Solutions as of 1st July.
Darren Hodson, Corporate Finance Partner at PKF Smith Cooper, commented: “Spraylat has developed innovative products that have world-wide 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.”
Legal support was provided by Gateley Legal. Andrew Cowan, Partner and Head of Corporate for Gateley Legal in Birmingham, said: “It has been great working with Spraylat and its shareholders on this cross-border deal. Bergman & Beving seems to be the perfect home for Spraylat’s niche product range and its exciting growth opportunities.”
What our client had to say
“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.”
Andrew Keir, Managing Director of Spraylat International Limited
Sell your business with PKF Smith Cooper Corporate Finance
Our award-winning dealmaking team are the 5th most active advisors in the Midlands and 7th in the UK. In 2023, we helped clients across the Midlands secure 22 deals worth a combined £276.7m. If you are thinking about selling your business, now or in the future, get in touch with us today.
