Evolution CBS helps Kermel achieve UK expansion

Kermel is an award winning manufacturer of technical fibres. Based in Colmar, France it produces 2 types of Aramid fibre for two separate applications.

Kermel® is a polyamide-imide, classified in the meta-aramid family whilst Kermel® Tech is an aromatic polyimide-amide fibre. Non-flammable Kermel® Tech can withstand high temperature in the long term whereas fire resistant Kermel® fibre can resist extreme high temperatures (up to 1,000° C) for a few seconds for technical applications such as hot gas filtration, while Kermel® is dedicated to protective clothing against heat and flames.

The company planned to expand its UK footprint through the acquisition of up to three specialist garment manufacturers producing garments for hazardous, high temperature industries.

The Transaction

Having met Evolution MD, Rob Goddard, the Evolution project team then flew over to France to meet Kermel’s executive team met at the company’s main manufacturing plant. During the meeting they were briefed on Kermel’s requirements and agreed an outline profile for the target acquisitions.

Evolution CBS was appointed with an initial mandate to conduct a detailed research project and report on up to 50 potential targets.

The financial criteria was for companies with turnovers ranging from £500,000 to £5million, although some slightly larger companies could be included where our client’s product range would provide a logical extension to the target’s portfolio.

All companies on the list needed to have a range of fire-retardant/resistant workwear along with other industrial workwear products. Publically listed companies were excluded as were any companies that promoted competitive brands. Consideration had to be given to the sales and distribution capabilities of each company.

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