Aperture Trading Limited (Aperture) has announced it has successfully completed an agreement to purchase the majority of Synseal Group’s trade and assets from administration for an undisclosed sum. The acquisition will safeguard more than 1,000 jobs, secure continuity of supply to 1,200 customers and allow the business to focus time and investment on new growth opportunities.
Backed by Advest Capital Management Limited, Aperture is a newly formed business established by Synseal’s former majority shareholder together with its chairman, and with the backing of the senior management team, including CEO Matthew Mycock and group sales and marketing director, Andy Jones.
The trade and assets acquired are Extrusions, Warmcore, PVC-U fabrications including vertical sliders, roof systems, residential doors – now known as Calibre Doors - Global Glass and Norvik.
Partner and Head of Corporate at DWF's Birmingham office, Mark Gibson, led on the transaction alongside partners Chris Ramage and James Lonsdale, senior associate Ashley Jaques and solicitors Alex Tolcher, Andrew Rose and Roxanne Buckley.
Matthew Mycock said: "The formation of Aperture Trading Limited provides the platform from which to develop a business that is right-sized and fit for the future and one in which investment can be made across the many innovative products that will drive its growth. The team from DWF has been invaluable throughout this transaction."
Mark Gibson adds: "We are delighted to have been able to help Mat and the rest of the senior management team to secure employment for their staff and continuity of service for their customers following the administration. We look forward to seeing Aperture grow and develop as it begins a new path."