Sale of ITAC Limited to HD Sharman Group Limited

BDO.LiveSite.Deals.SubIndustryBuilding products & Engineering
BDO.LiveSite.Deals.ClientNameITAC Limited

BDO has advised the shareholders of adhesives manufacturer ITAC Limited on the sale of the company to HD Sharman Group Limited.

ITAC has over 70 years of technical expertise in the creation and manufacture of bespoke adhesives and coatings for a wide range of applications around the globe, in particular its Delcote and Seamsil brands for the roof renovation and construction industries.

Private equity backed HD Sharman provides gutter refurbishment and gutter liners in the industrial and commercial sectors and is currently experiencing a period of strong growth.

Cementing a successful distribution agreement which has been in place since 2018, the transaction is expected to create a number of synergies and strategic opportunities for both businesses.

“This is a strategic acquisition which sees two fantastic North West businesses join forces to accelerate future growth. The building products and services market is an active sector for M&A, and we’d expect to see good transaction volumes into 2020 with strong investor interest in quality assets.”

James Fieldhouse, M&A Managing Director, BDO

“BDO’s M&A team handled the process with great competency at all levels. Their approach was diligent and thorough, and they were steadfast and calm in the face of any concerns. Throughout the project the team were sensitive to the needs and requirements of the shareholders. Their preparation was comprehensive, their advice invaluable, and it is to their credit that the sale of our business went through successfully.”

Paul Armitt, Managing Director, ITAC