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James Cowper Kreston Corporate Finance has advised Wessex Resins and Adhesives on its sale to US-based PRO-SET Formulated Resin Systems.
The transaction sees the family-run business, which has manufactured epoxy resins and adhesives since 1981, become part of a wider international group focused on high-performance resin and polymer systems. Financial terms of the deal were not disclosed.
Wessex develops specialist epoxy formulations for industrial and defence applications and has worked with organisations including the Ministry of Defence, Bombardier and BAE Systems.
PRO-SET Formulated Resin Systems was formed following the acquisition of Gougeon Brothers and Wessex Resins and Adhesives.
The acquisition is intended to support the expansion of the combined resins and adhesives business into Europe, building on the long-standing commercial relationship between Wessex and Gougeon Brothers.
James Cowper Kreston Corporate Finance acted as lead adviser to Wessex’s shareholders, working alongside Broadfield Law.
Jack Griggs, director at James Cowper Kreston Corporate Finance, said: “It’s been a privilege to support the Oliver family on this cross-border transaction, bringing together two organisations that have collaborated for decades to create a compelling platform for growth across EMEA.”
Ian Oliver, managing director of Wessex, added: ““Jack and the team were instrumental in securing an excellent outcome. Their strategic guidance, attention to detail, and commercial pragmatism gave us real confidence at every stage. We’re grateful to have had them by our side throughout the transaction and wouldn’t hesitate to recommend them to anyone embarking on a similar process.”
