A major industrial adhesives manufacturer has acquired a neighbouring producer in a deal completed by a leading Midlands law firm.
Pafra Adhesives Limited, which is based in Basildon and is part of the Gluecom UK group, has purchased Enterprise Adhesives and Chemicals Limited, also located in the town.
Law firm Wright Hassall, based in Leamington, acted on behalf of Pafra Adhesives Limited and Gluecom to acquire the business.
Pafra Adhesives Limited was established in 1959 and is a UK market leader for adhesives used in the envelope and packaging industry. It was acquired by Gluecom, which is headquartered in Belgium, in 2022.
Enterprise Adhesives and Chemicals Limited manufactures a variety of industrial adhesives from its dedicated plant in Basildon.
Robert Lee, Corporate Partner at Wright Hassall, acted on behalf of Pafra Adhesives Limited and Gluecom on the acquisition.
He has a long-standing association with Gluecom, having acted on a number of acquisitions for the business since the 1990s.
The purchase will enable Pafra Adhesives Limited and Gluecom UK to expand their product range, strengthening their presence in the UK market.
Robert said: “We are extremely pleased to support Gluecom UK and Pafra Adhesives with another successful acquisition.
“We have had an association with the Group in excess of 25 years, having originally been instructed in 1994 to advise one of its subsidiaries, Ace Adhesives, based in Walsall.
“Having this long-standing relationship meant that we were able to produce the documentation required extremely quickly and complete the transaction within 20 weeks.
“We look forward to seeing Pafra Adhesives Limited and Gluecom UK continue this success in the future.”
Phillip Lee, managing director of Ace Adhesives and CEO of Gluecom UK, said: “We are delighted to acquire Enterprise Adhesives and Chemicals Limited, enabling us to enhance and expand the products we offer to our customers.
“Robert and the team at Wright Hassall have completed a number of acquisitions for the group, but the acquisition of Enterprise Adhesives was completed within a very short period, meeting our expectations.”
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