Venture capitalist takes control of Latex Compounds Ltd

ERJ staff report (BC)

Manchester, UK – Amin Amiri of a2e Venture Catalysts has acquired a majority controlling stake in Industrial Latex Compounds Limited (ILC), based in Middleton, Manchester, with a turnover of circa £16m (€19m).

ILC was originally part of Dow Chemical, employs 42 people. The previous owners, Bill Fairhurst and John Davison, will remain involved in the company for the foreseeable future.

Amiri commented: “ILC has a great position within this niche sector which is ripe for a bout of consolidation driven by economic realities and…

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