Sheffield based GRI Group has acquired contract manufacturer Expac Ltd.
Expac, which focuses on toiletry, beauty, health and household sectors, has now become a subsidiary of GRI Expac.
Entrepreneur Graham Royle is the leader of GRI Group, which bought the £5 million turnover household products manufacturing firm as part of its continuing acquisition strategy.
Among Expac’s products are talcum powder, shower gel, cleaning sprays and washing up liquid. The acquired firm will carry on operating under its own in-house management team who will make decisions on a day to day basis.
During its acquisition of Expac, GRI Group was advised by commercial law firm Nabarro.
Corporate partner Ben Hendry led the Nabarro team. He was assisted by corporate associates Richard Lee and Caroline Walker. GRI Group was also advised by BHP Chartered Accountants.
Corporate partner at Nabarro, Ben Hendry, commented: “We were thrilled to advise GRI Group on their latest acquisition. Expac is recognised as a highly successful manufacturer with a strong presence in the household products sector.
“GRI Group has established itself in developing, manufacturing and the distribution of chemical ingredients for personal care, household care, pharmaceutical and many industrial applications.
“The combined business will have many advantages such as a comprehensive range of products and contract manufacturing capability. We look forward to working with them in the future.”
Graham Royle, chairman and chief executive of GRI, added: “Expac is a fantastic strategic fit with the rest of our group associate companies.
“There is virtually no product overlap and the combined range offers superb synergy across the customer base and global geographical markets that we cover.”
Meanwhile, GRI recently unveiled new global sustainability reporting standards. The Global Reporting Initiative has launched a new set of global sustainability reporting standards aimed at giving companies a common language for communicating such information.