Pemberton exits Windmill Extrusions

The deal marks a successful turnaround of the business following its near collapse in 2010. Management has acquired a majority stake in the business. It is understood there are some new investors supporting the latest deal, though they have not yet been disclosed.

Previous investment
Pemberton acquired Windmill Extrusions alongside Aluminium Shapes in November 2010, injecting fresh capital into holding company Domes of Silence Holdings. The holding company was close to entering administration and the cash injection was used to pay major creditors and provide working capital.

Pemberton appointed a new finance director and returned both companies to a cash positive position.

Debt
A financing package of senior-term asset-based lending facilities was provided by ABN Amro Commercial Finance.

Company
Windmill Extrusions, based in Derbyshire, manufactures retail point-of-sale and datastrip products to supermarkets in the UK and across Europe.

Established in 1982, the company employs 67 people.

People
Peter Jones will continue his role as managing director of Windmill Extrusions. Michael Meyer is executive chairman of the company.

Advisers
Vendor – DAC Beachcroft (Legal).
Management – LGB (Corporate finance); Shoosmiths (Legal).

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• Topics
• UK / Ireland
• Exits
• United Kingdom