M&A Deal Summary

Low & Bonar Acquires LCM Construction Products

On December 7, 2004, Low & Bonar acquired building materials company LCM Construction Products from LDC for 13M GBP

Acquisition Highlights
  • This is Low & Bonar’s 1st transaction in the Building Materials sector.
  • This is Low & Bonar’s 4th largest (disclosed) transaction.
  • This is Low & Bonar’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2004-12-07
Target LCM Construction Products
Sector Building Materials
Buyer(s) Low & Bonar
Sellers(s) LDC
Deal Type Add-on Acquisition
Deal Value 13M GBP

Target

LCM Construction Products

North Humberside, United Kingdom
LCM Construction Products Ltd. (dba Adfil) is a specialist polypropylene fibre manufacturer whose principal activity is the production and supply of fibres for use as an additive to concrete in order to provide strength and enhanced resistance to surface cracking.

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Buyer(S) 1

Buyer

Low & Bonar

London, United Kingdom

Category Company
Founded 1903
Sector Apparel/Textiles
Revenue 317M GBP (2019)
DESCRIPTION

Low & Bonar PLC produces advanced, high-performance materials from polymer-based yarns and fibers. The proprietary technologies it uses to weave and create them lead to products with exceptional strength and versatility. Low & Bonar was 1903 and is based in London.


DEAL STATS #
Overall 1 of 6
Sector: Building Materials M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 6
Country: United Kingdom M&A 1 of 2
Year: 2004 M&A 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Threshold Floorings

London, United Kingdom

Threshold Floorings Ltd. is a manufacturer and developer of flooring products and entrance systems. Threshold Floorings will provide a further extension to the Bonar Floors' product range and is in line with Low & Bonar's strategy of adding complementary, niche manufactured products.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 6 of 210
Sector: Building Materials M&A 1 of 6
Type: Add-on Acquisition M&A Deals 2 of 97
Country: United Kingdom M&A 5 of 204
Year: 2004 M&A 5 of 5
Size (of disclosed) 59 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 HFS Group

Macclesfield,, United Kingdom

HFS, is an independent brokers, providing services for secured and unsecured lending, mortgages, insurance and investment products. It works with a network of major lenders and insurance providers to offer the best possible financial deals for its customers.

Sell £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-24 Icon Aerospace Technology

Nottinghamshire, United Kingdom

Icon Aerospace Technology is a designer and manufacturer of polymers which are used in sealing, containment, propulsion and protection systems worldwide. Specialising in solving complex technical challenges, Icon Aerospace Technology create future facing industrial and aerospace solutions which minimise weight and optimise performance. Icon Aerospace Technology was established in 1993 and is based in Nottinghamshire, United Kingdom.

Buy -