BPCA Manufacturing and Distributor member, Pelsis, have announced the investment in Pelsis Holding (UK) Ltd, by LDC, the UK’s most active mid-market private equity investor on Friday 25 August 2017.
Pelsis Holding (UK) Ltd is the parent company of all legal entities of the Pelsis Group.
This transaction is the result of many months of dedicated work to secure an investor whose aspirations for our Group are well aligned with our own, and we are delighted that we have found that partner in LDC
Peter Mangion, Pelsis Group CEO
John Garner, Director and Head of LDC in Yorkshire and the North East, commented on the deal:
“We have known the Pelsis business and Peter for more than five years and are delighted to have been able to back the team and invest in the business."
Today, the business operates across 11 locations in Europe, Asia and North America and supplies customers in more than 80 countries. Pelsis has said that for the group’s 270 employees it will be "business as usual". This investment will also support the Group’s existing plans to open a brand new distribution site in Belgium in 2019, replacing the current nearby facility.
This latest investment will also support the Pelsis Group’s growth strategy as they look to acquire further assets in the pest control marketplace, building on the past acquisitions of brands including Insect-O-Cutor, Network, Edialux and Pest-Stop.
Scott Johnstone
Content and Communications Officer
19 September 2017 | BPCA Online
Source: Online