High Peak thermoplastics firm expands with acquisition

High Peak-based Prisma Colour has laid claim to the UK’s largest independent thermoplastic masterbatch manufacturer after acquiring Silvergate Plastics of Wrexham.

Prisma Colour was established in 1991, and has remained independent and owned by the same family, primarily supporting the rubber, plastics and associated industries with colour and additive concentrates.

Dominic Philpot, group MD, said: “Combining the expertise, market knowledge and processing skills of both organisations really does bring a massive benefit to our entire customer base. There will be no disruption to any of our clients as we continue to operate both sites fully and maintain the excellent quality and great customer service that both entities have become well known for. This obviously means our employees will also be looked after and retained.”

He added: “Joining forces with an already outstanding organisation like Silvergate, expanding and sharing human, financial and equipment resources can only provide greater opportunities to support customer developments with timely innovation for wider product offerings.”

Founded in 1984, Silvergate Plastics became part of the Vita group before becoming independent again following an MBO in 2008.

Tony Bestall, who led the MBO, said: “Owning Silvergate with my fellow shareholders for the last 16 years has been a real privilege. Seeing it now join forces with Prisma Colour is extremely exciting for the two companies. The combined operation will become the driving force of the sector, offering an unrivalled portfolio and the best customer service the industry has ever seen. I’m very excited to watch it develop.”

Roger Hart, corporate partner and the Head of the Addleshaw Goddard Manchester Office, led the team advising Prisma Colour and was supported by managing associate Dan Conway and associate Ethan Turner.