Investment primes safety barrier manufacturer for further expansion
West Yorkshire-based A-SAFE and IK Partners have confirmed that the IK Partnership II (IK PF II) Fund has acquired a minority stake in the business.
A-SAFE designs, makes and distributes industrial polymer safety barrier systems. IK acquired its stake from the Smith family who remain significantly invested.
This is the final investment from the IK PF II Fund, which is now fully committed. Financial terms of the transaction are not disclosed. The fund focuses on minority investments in established fast-growing entrepreneurial businesses.
Founded in 1984 and headquartered in Elland, A-SAFE produces a range of polymer-based products which are deployed in factories and warehouses across the world to safeguard both people and assets from collisions with vehicles such as forklifts.
The company has over 700 employees, with over 80 people committed to research and development.
It has achieved significant organic growth and today serves more than 6,000 customers in over 50 countries.
The firm’s customer base comprises some of the world’s largest businesses, including Coca-Cola, UPS and Amazon.
It has decided to form a partnership with IK to further strengthen its leadership position in the global industrial polymer space.
James and Luke Smith, co-CEOs at A-SAFE, said: “We are pleased to be partnering with IK. This is an exciting opportunity for us as we look to fortify our leading position in the market, while simultaneously expanding our global reach, enhancing our product offering and driving greater value for our customers.
“With IK’s expertise and resources, we are confident that the company will go from strength-to-strength and we look forward to working with Thomas and his team.”
Thomas Grob, partner at IK and advisor to the IK Partnership II Fund, added: “A-SAFE’s expansion into new markets and product segments, alongside its commitment to innovation, has firmly positioned it as an industry leader in workplace safety, protection and efficiency systems.
“The company’s ability to anticipate market needs, coupled with its relentless pursuit of product excellence, has garnered our utmost confidence in the management team and its ability to drive positive action.
“We look forward to working with James, Luke and their team over the next few years.”
