A manufacturer of industrial sealants serving the roofing and wider building products market has made an acquisition with the backing of alternative finance provider ThinCats.
ThinCats has provided funding to support Derbyshire-based Protective Sealants Ltd (PSL) with the acquisition of Drisilane, a key distributor of PSL products.
Drisilane, based in Cardiff, has played a key role in bringing PSL’s products to market, with its customer base and sector relationships helping to build the brand’s presence across the trade.
Stuart Taylor, founder of Protective Sealants Ltd, said: “Acquiring Drisilane is an important milestone for PSL. The business has been a key distributor of our products and has helped establish our presence with contractors and trade customers across the UK.
“Bringing Drisilane into the group gives us greater control over distribution, allows us to work even more closely with customers and provides a strong platform for future growth.
“With ThinCats’ support, we are well placed to build on recent wins, continue investing in new product development and expand into new markets over time.”
Andrew Sanders, director at ThinCats, said: “PSL is an ambitious and growing business with a differentiated product offering, strong position in its market and clear growth strategy.
“The acquisition of Drisilane is a highly complementary transaction that strengthens PSL’s long-term growth plans and we are delighted to have supported Stuart and the team on this important step in the company’s development.”
The transaction was advised by Steve Thornhill of Intelligent Corporate Finance.
