Business description

This privately owned business offering distribution and consultancy to its clients, was established in 1991 and offers a range of glue lines using both generic and speciality adhesives from company-owned bespoke formulations and recipes. Enabling the business to help its customers to identify and solve adhesive or assembly problems, and advising on adhesive product recommendations to provide the most practical solutions for the most demanding of industry application, are all part of what this business delivers to its customers on a daily basis.

The business customer base is predominately in the northeast and midlands regions with outreach into Europe, and selling direct to the end user accounting for 80% of turnover, with a long established distribution network which accounts for the remaining 20% of sales. The business delivers into all industries including construction, H&V, visual equipment, cycle repair, electronics, engineering and general manufacturing, with strong credit links with their manufacture supply base, and the extensive adhesive products range includes water-based adhesives, moisture resistant products, hot melts, polyurethanes, solvents, debonders, film and tape solutions.

Property information

Location:

This business is run from home, and as such can be easily relocated to deal with business which is national, although mainly concentrated around the Birmingham, Midlands and North East of England.

Premises details:

The current directors rent a small lock-up to store any residual stocks, but manage the business from home.

Other information

Expansion potential:

This business can be grown organically or bolted onto or within complemenary businesses

Competition / Market:

Perceived competition includes • 3M • Bostick • Apollo Adhesives • Alpha Adhesives • PS Adhesives • UK Industrial Tapes • North British Tapes • ASL • Chemique • Abrabond

Support & training:

One of the present owners is willing to stay with the business following the sale, on agreed terms with the new owners on a full time or consultancy basis for an agreed period of time to help with a smooth transition, and would particularly relish the opportunity of utilising his experience in sales and marketing to grow the business further in the future.

Reasons for selling:

The current Directors are looking to sell the business on as part of their retirement plans.

Trading hours:

The business trades traditional office hours as necessary

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