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.