Nottingham manufacturer sold to Nasdaq-listed firm
Natgraph, the Nottingham-based designer and manufacturer of drying and curing solutions for precision coating and print applications, has been sold to Nasdaq Stockholm listed Indutrade.
Natgraph turns over £10m a year and has an installed base of around 14,000 machines across 90 countries.
Indutrade is an international industrial group that develops and sells high-tech components, systems and services. Indutrade operates through more than 200 subsidiaries with some 6,000 employees in 31 countries across four continents generating sales of over SEK 16 billion in the year to December 2018.
Alan Shaw, founder and commercial director of Natgraph, said: “Having spent the last 40 years building a brand associated with quality and innovation, we are delighted to be joining the Indutrade group. We look forward to continuing to work with our customers and distributors globally and with our new colleagues at Indutrade.”
Ben Bolt, partner and David Lee, manager at Springboard Corporate Finance advised the shareholders of Natgraph on the deal.
Bolt said: “We are delighted to have assisted the shareholders in realising value for their life’s work. Natgraph is a true global leader, exporting around 90% of the products it manufactures and a great example of British precision engineering.”
Tom Brown, Partner and Jody Webb, Director of Freeths provided the shareholders of Natgraph with legal advice with tax advice provided by seniormanager Ses Memhi of Claritas Tax.
