West Yorkshire chemical specialist bolsters growth plans with third acquisition

Keighley based chemical specialist, Airedale Group, has acquired McCann Chemicals as part of its strategy for growth and diversification. The acquisition includes subsidiary companies Hunter Chemicals and McCann Food and Nutrition and is the company’s third acquisition since 2015.

Andy Haigh and Declan Savage from Translink Corporate Finance, the specialist corporate finance division of BHP LLP, acted as lead advisors to Airedale Group on the transaction. They were supported with due diligence by Martin Athey and Charlotte Ellerby, and tax advisors Fletcher Adamowicz and Emily Caine.

Andy Haigh, partner at Translink Corporate Finance, commented: “It’s been a pleasure to work with the Airedale Group on the acquisition of McCann Chemicals.

“The growth plan Airedale’s management team has for the business is ambitious, including both organic growth and M&A. McCann fits neatly into this strategy and the acquisition will deliver many synergies for the combined business.”

McCann’s portfolio of organic and inorganic chemicals will complement Airedale Group’s existing offering from its five divisions, Functional, Innovation, Food and Beverage, Metal Surface Treatment, Life Science and Surfactants, and support the Group’s plans to strengthen its market position.

Chris Chadwick, managing director of Airedale Group, stated: “McCann Chemicals holds similar values to us and their focus on excellent customer service reflects our own ethos.

“They have built a strong reputation for quality products which complements our portfolio perfectly and a history of sourcing commodity and specialty products from suppliers all over the world.

“This is a fantastic way to celebrate our 50th anniversary and we’re excited that McCann Chemicals will be joining Airedale Group as we continue our journey to grow, diversify and cement our position as a leading force in the UK chemical industry.”

Both businesses will continue to operate independently under the Airedale Group brand and service for all their customers will continue without disruption.

McCann Chemicals managing director, Les Horrobin, added: “This development will provide a great platform for continued organic growth for both companies, introducing access to new assets, infrastructure and capabilities and we’re excited to be part of Airedale Group’s ambitious plans for the future.”

A team from Gordons solicitors, led by Duncan Firman and Andrew Moore, advised Airedale Group on the transaction. The Sellers were advised by Cameron Varley and Sam Oldfield of Camlee Group.

By Matthew Neville – Senior Correspondent, Bdaily

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