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 the desire of customers for enhanced innovation and service. I believe ILC will be at the forefront of such consolidation. … We are already putting building blocks in place to transform ILC into the most innovative and efficient company in the sector”.