PE-backed Nylacast acquires Supergrip

Financial terms of the deal were not disclosed. The GP did not provide fresh equity for the deal.

The deal is the second add-on transaction by Nylacast, which acquired Viva Nylons in March; Viva manufactures cast nylon semi-finished products and is based in Leicester. 

Nylacast employs 400 staff at its headquarters and has manufacturing and distribution centres in the UK, the US, South Africa and China.

The acquisition will expand the company's engineering division and bring within its fold MPC, a computer numerical control subcontract controlling machine, recently acquired by Supergrip.

Company
Founded in 1989 and based in Colne, Lancashire, Supergrip is an engineering company that caters to the oil, gas and renewables sectors. According to the company's filings, it generated revenues of £1.4m and an operating profit of £84,261 in 2019. It employs 13 staff.

People
Supergrip – Gordon Conlon (director).
Nylacast – Mussa Mahomed (CEO).

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