Springboard Corporate Finance is delighted to announce that it has advised the shareholders of Alanto on the cross-border sale of the business to Canadian competitor Jacobs & Thompson Inc (‘J&T’).
Alanto is one of the UK’s largest foam and rubber converter and manufacturer and is based in Walsall, West Midlands. J&T is North America’s largest foam and rubber convertor and the acquisition of Alanto represents its first step into the European market.
Alanto was founded in 2002 and the deal will see the founding Directors Nick Smith, Darren Potter and Gary Knott remain with the business and continue to work alongside the new owners.
Nick Smith, Managing Director said “There is a great strategic fit between Alanto and J&T who both provide similar high-quality, technical-led solutions. The deal enables Alanto to take the next step in development and provide comprehensive foam and rubber solutions to customers in both the UK and overseas.