Enterprise Adhesives & Chemicals

We’re pleased to have advised a Basildon-based glue manufacturer on its sale to a leading adhesives supplier.

Enterprise Adhesives & Chemicals has been manufacturing a wide range of industrial adhesives and glues for its UK customers and distributors since 1987.

The business has now been acquired by Pafra Adhesives, also based in Basildon, who are one of the leading suppliers of adhesives to the paper converting and packaging sector. Pafra is part of the wider Gluecom Group that includes several British adhesive firms and runs multiple production and operational sites across Europe.

The acquisition strengthens both Enterprise and Pafra’s presence and manufacturing capabilities in the UK market. It has also brought together two businesses with similar operations and a common base in Essex, creating a robust platform for continued growth and innovation.

Our Corporate Finance team worked as sell-side advisers on the deal. The team supported the shareholders throughout the transaction process, managed buyer engagement and negotiated heads of terms, before seeing the deal through to completion.

Ryan Symonds, Partner at FRP Corporate Finance, said: “Enterprise Adhesives operates in a niche market, so finding the right partner to take the business forward was essential. In Pafra Adhesives, we were able to find a buyer with similar operations that was also based in the same area, making it a strong fit to continue the development of Enterprise Adhesives.

“The potential to build economies of scale between the two firms makes this an exciting time for all involved and I look forward to seeing both companies benefit from this partnership in the coming years.”

Ian Harvey, former CEO at Enterprise Adhesives, said: “Selling a business you’ve invested a lot into is a big step, but the support provided by Ryan and the team at FRP Corporate Finance meant we could approach this sale with confidence and clarity.

“Their knowledge of the business and sector was a key driver in achieving the shareholders expectations. It’s great to have been able to get this deal over the line and put Enterprise Adhesives in a good position to continue growing.”