A €150m-turnover Yorkshire-based pest control products manufacturer is set to be acquired from private equity firm LDC.
Pelsis Group has announced it will be acquired by specialist investment manager Pamplona Capital Management this September.
LDC backed the secondary buyout of Pelsis in August 2017 to help drive global growth. With LDC’s support, Pelsis delivered a targeted buy-and-build strategy that has enabled the business to more than double in size
The acquisitions have helped the business to increase its headcount from 270 to more than 600 people. Over the last four years it has also grown its global sales from €87m to €150m.
Chief executive Andrew Milner said: “We are very excited to begin this new chapter for Pelsis together with Pamplona.
“Pamplona will actively support Pelsis in achieving our shared goals and growing further into the US and Europe, consolidating our position as a market leader and introducing new, innovative products to the market.
