Fri, 29 Jan 2016 | BUSINESS SALE
WSP Textiles, the company behind the cloth of choice for World Championship snooker tables and tennis balls at Wimbledon, has been sold by its private equity owner.
Two private companies, Iwan Simonis and Saluc, both part of the Peltzer & Fils Group, have bought the business from Vespa Capital. KPMG, at its Bristol base, was the main adviser to WSP and management. The financial figures involved in the deal were not disclosed.
WSP has been making and supplying the Strachan cloth that has been used for World Snooker since 1980, while Playne's tennis ball cloth covers Dunlop, Head, Babolat, Tretorn and Wilson tennis balls, which are used at Wimbledon, and the Australian Open tournaments.
The Stroud-based business was established in 1920, yet it can trace its history back further to the 19th Century with the manufacture of products in the West Country.
Vespa Capital became involved when it backed a management buyout deal in 2011, going on to help WSP to bring in new plant and equipment.
The textile company's new owners are also involved in the same industry, Iwan Simonis makes premium billiard table cloth and Saluc produces billiard balls, and commands about 80 per cent of this market.
Find a business for sale that matches your needs here
Fantastic growing embroidery and clothing printers company. This is a relocatable business opportunity. Extensive list of fixtures and fittings. Offers invited.
RELOCATABLE
Upmarket restaurant and play centre based in Manchester. Affluent trading area. Beautifully presented throughout. Management team in place. Newly equipped in 2018. Offers invited.
Popular restaurant located in Media City, Manchester. Located close to BBC offices. Good public transport links. Offers invited.
|
16
|
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
|
15
|
|
Jul
|
Specialist engineering firm forced to appoint administrators | ADMINISTRATION
Rail contracting company Aspin Group Limited has been forced...
|
12
|
|
Jul
|
Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE
Blancco Technology Group, which provides a range of mobile d...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
Nov
|
Customer reviews specialist Feefo completes MBO | MBO/MBI
A company that provides a platform for customer reviews and ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources