Last week we were delighted to announce that liquid waterproofing and coatings specialist Stirling Lloyd was the winner of our inaugural Catalyst Chemicals and Coatings Fast 25.
The Fast 25, which ranks the fastest-growing privately owned chemicals and coatings manufacturers in the UK, highlighted the fact that innovation and patented technologies within UK companies were attracting significant interest from international investors and trade acquirers.
Today it has been announced Stirling Lloyd will be acquired by the US-based corporate GCP Applied Technologies Inc. for a fantastic price of $94m. Further supporting the themes of our report, GCP has stated that the strategic rationale for the acquisition is based upon the expansion of their technology platform and the attractive growth of the market.
As UK manufacturers continue to differentiate themselves through further innovation and new technologies, I am sure there will be more deals in the near future.
This acquisition expands our technology platform for infrastructure and repair/renovation, market segments that are growing at attractive rates