Seven-figure facility enables key acquisition at manufacturer
A specialist manufacturer has expanded its product range through an acquisition, following support from Lloyds Bank.
Hodgson Sealants, founded in 1968, is an independent sealant and butyl tape manufacturer, employing more than 200 people from its base in Beverley, East Yorkshire.
Now, with the support of a seven-figure finance facility from Lloyds Bank, Hodgson Sealants has acquired Britchem Ltd. Based in Heckmondwike, the company is a private label manufacturer of sealants for both UK and export customers.
The investment strengthens Hodgson Sealants’ core offering, cementing its place as a market leader in the manufacture of sealant and tape technologies, and will support the business in continuing to meet growing customer demand.
Britchem will continue to be run as an independent business within Hodgson Sealants Group, the parent company of both Hodgson Sealants and Britchem. Also within the Hodgson portfolio is Hampshire-based HS Butyl.
Charles Hodgson, managing director of Hodgson Sealants, said: “Britchem is a successful well-run business, and it has been a pleasure to work with the team, led by Roy Barton and Trevor Jones, to bring this company on board.
“We are really looking forward to welcoming all the staff and customers of Britchem into the Hodgson Sealants Group.
“We share many values with them, including a strong customer and quality focus, a flexible manufacturing approach, and a trust and belief in our people. We are determined to build on the success already enjoyed by Britchem.”
Natalie Boswell, relationship director at Lloyds Bank Commercial Banking, said: “We’ve worked with the team at Hodgson Sealants for more than 15 years, and it’s been fantastic to witness their growth and expansion.
“This acquisition is the latest step in cementing their position as a true market leader, and we look forward to remaining by their side as they continue on their impressive trajectory.”
Hodgson Sealants was advised by Park Place Corporate Finance and Andrew Jackson Solicitors LLP.