Deal Background
PolyBlend UK is a market leading producer of liquid PVC solutions, widely known as plastisols. They manufacture a comprehensive range of liquid plastisol and dispersion systems which is complemented by their Speciality Distribution business supplying plasticisers, resins and PVC additives.
Based in Widnes, PolyBlend UK Limited was established in 2009 as part of an MBO. The management team of Mark Stewart, David Hall and Dominic Barrow have grown and developed the business with a focus on superior levels of supply to customers, with quality products complying with industry standards.
Longacre is a group of highly specialised, technical products and services companies focused on attractive and growing B2B end markets.
How Langtons Helped
Langtons have worked closely with PolyBlend UK for several years providing a full range of accountancy and advisory services.
Langtons acted as lead advisors to the management team, providing support throughout the financial and legal due diligence process and aiding with negotiations with the acquirer.
Results
The business was acquired by Longacre Group with the entire management team remaining within the business initially, to continue to grow the business.
Mark Stewart MD of Polyblend commented: “We see this as a hugely positive chapter in Polyblend’s story. Longacre Group provides Polyblend with the resources of a much larger group. With access to their wider network, technical and sales knowledge, we will continue to deliver a market leading offering to our customers. The involvement of Longacre Group will bring new energy to the business, helping it to build on its already strong foundations to deliver its true potential in the years ahead."
Stani Schmidt-Chiari, of Longacre Group added: "We have known Polyblend for a number of years as they have been an excellent supplier to Dycem, one of our companies. Polyblend has market leading technical capabilities in formulation development, blending and quality control. It consistently supplies a high quality product and service offering which meets the specific needs of its customers. We are excited by the opportunity to work with the Polyblend team to grow the business in its core markets as well as exploring avenues for acquisitive growth in complementary speciality chemicals markets”.
We thank Langtons for getting us through this transaction smoothly. Their efforts and commitment were first class and we couldn’t have achieved the result we did without their will and determination.
Polyblend - Mark Stewart (Managing Director)
