Wake Smith has helped a Derbyshire firm become the UK’s only manufacturer of resin and aggregate as a result of its acquisition of a Dorset-based operation.
Derbyshire Specialist Aggregates has bought the Resin Surfacing operations in Stalbridge from Geveko Markings for an undisclosed sum.
Corporate and commercial property lawyers acted for the firm on the acquisition agreement, the assignment and licensing of intellectual property rights and the assignment of the lease with John Baddeley, Rebecca Robinson and Neil Salter carrying out the work.
This acquisition, which includes all manufacturing plant, product and equipment, makes the Youlgreave-based firm the only manufacturer of resin and aggregate in the UK, with all employees being retained by the company.
Sam Buckley, Managing Director, Derbyshire Specialist Aggregates said: “This acquisition is the perfect next step in our commitment to offer only the highest quality resin and aggregate to the UK resin bound market. We are delighted to supply the superb products previously supplied by Geveko to customers, who will continue to receive BBA approved products as normal.”
Martin Poulter, CEO and founder of Derbyshire Specialist Aggregates, added: “As the manufacturer of DALTEX, the UK’s no 1 brand in resin bound, we are delighted to announce this significant strategic acquisition, which is a huge development in our plans for future growth in the UK and international resin bound market.”
Rebecca Robinson, Director in the Company Commercial team at Wake Smith, added: “Derbyshire Specialist Aggregates has successfully grown to become the UK industry leader for specialist aggregates and this acquisition makes it a key supplier in resin products. This is a significant strategic supplier acquisition by the company and we wish the them the best of luck in the next stage of the company’s expansion.”
The new site adds to Derbyshire Specialist Aggregates’ seven current sites across the UK including its Head Office and main production facility in Derbyshire; Daltex Central Hub in Ashbourne, DALTEX Trade Centres in Brighouse and Bridgend, as well as a slate plant in Bangor, North Wales. These are supported by two large dock facilities in Mersey Wharf and Goole.
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