Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
PKF Smith Cooper has advised on the cross-border sale of Spraylat International to Bergman and Beving (B&B).
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 and the remaining sales take place worldwide for the company located in Corby, Northamptonshire.
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 £375m in 25 countries across the globe.
Andrew Keir, managing director of Spraylat International Limited, said: “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.”
Darren Hodson, corporate finance partner at PKF Smith Cooper, added: “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.”
