Scolmore Group acquires Scottish firm

Posted on 08 May 2018 and read 195 times
Scolmore Group acquires Scottish firmTamworth-based Scolmore Group, a supplier of lighting and security products, has acquired Sangamo, which specialises in time switches and heating controls.

Gary Mordue, managing director of Scolmore Group, said: “Sangamo’s location in Port Glasgow gives us the perfect manufacturing base and a regional office to service our customers in Scotland and the North of England.

“The company will continue to trade as an independent entity in all of its major functions.”

Birmingham-based corporate finance firm Orbis has worked alongside investors and management since Sangamo was bought from Actaris in 2002.

Chris Gregory, an Orbis partner and Sangamo board member, said: “Orbis has been heavily involved in the strategic development of Sangamo in recent years, culminating in the successful sale to Scolmore Group, which will provide a sound base for the future development of the Sangamo brand and business.”

Scolmore Group, which employs around 150 people, generated pre-tax profits of £6.1 million in the financial year to April 2017.

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