ACQUISTION - G.R INDUSTRIES ACQUISITION OF HALLAM BEAUTY (FORMERLY HAMER PERSONAL CARE)
NOVEMBER 2005
£ UNDISCLOSED SUM
Hart Shaw have worked closely with G.R. Industries limited over the past 12 months to identify potential acquisition targets.
Hart Shaw identified Hamer Personal Care of Bradford, a manufacturer of beauty products. Working closely with Graham Royle, G.R. Industries’ Chairman and CEO, Hart Shaw assisted with the purchase of the trade and assets of Hamer Personal Care.
The additional £15m turnover of the newly formed Hallam Bauty Ltd takes group turnover at G.R. Industries to £60m.
Graham Royle comments: “I am delighted with the acquisition as Hallam Beauty vertically integrates perfectly within the Group and we have some exciting investment plans for the new company. As a developer & manufacturer of several key ingredients used by Hallam Beauty, both the Group and its customers will see significant benefits from our involvement”.
