Business Update – Acquisitions

 In TENMAT News, Uncategorized

Diamorph Group Holdings Limited (“Diamorph”) today announces:

  1. That it has signed a conditional agreement to acquire Permali Gloucester Limited (“Permali”), a Gloucester-based manufacturer of composites, predominately for the Defence sector. Diamorph is anticipating completion of the Permali acquisition within the coming months.
  2. Also that it completed the acquisition of Tufnol Composites Ltd (“Tufnol”), a Birmingham-based manufacturer of composites, predominately for the Aerospace industry on 5th March, 2021; and

Diamorph Chief Executive, Gordon MacLeman said:

“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 and a wide range of commercial applications. Whilst Tufnol has been manufacturing high performance composites since the 1920’s and has a highly regarded brand and reputation for delivering market leading wear performance in the Aerospace sector”.

 

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