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UK's Diamorph Group Holdings to acquire composites maker Permali

07 Jun '21

1 min read

A view of Permali's factory in Gloucester, UK. Pic: Permali

Manchester, UK-based Diamorph Group Holdings Limited has signed a conditional agreement to acquire Permali Gloucester Limited, a Gloucester-based manufacturer of composites, predominately for the defence sector. Diamorph, a manufacturer of proprietary advanced materials, is anticipating completion of the Permali acquisition within the coming months.

Diamorph completed the acquisition of Tufnol Composites Ltd, a Birmingham-based manufacturer of composites, predominately for the Aerospace industry, on March 5, 2021.

“These acquisitions allow Diamorph to broaden its composites competency and enter new markets. Permali has a long history of developing bespoke composite solutions for critical defence applications since the 1930s, whilst Tufnol has been manufacturing high performance composites since the 1920s and has a highly regarded brand and reputation for delivering market leading wear performance in the aerospace sector,” Diamorph chief executive Gordon MacLeman said.

Fibre2Fashion News Desk (RKS)