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.
Alanto shareholders were advised on the transaction by Springboard Partner Justin Sparks and Assistant Director Jonathan Wright. Justin commented “Nick, Darren and Gary have built an excellent technical-led business with a strong market leading position. Despite the Covid-19 pandemic, we have helped secure a sale of the business to a strategic trade buyer which rewards them for all their hard work and provides a good home to enable the business to continue to flourish”.
Nick Smith, Managing Director, Alanto
The team at Springboard guided us through the sales process, providing expert and honest advice to ensure this deal happened. We selected Springboard based on their international capability, partner-led approach and strong track record and would recommend them to anyone wishing to sell their business.