Diamorph Group Holdings Limited has signed a conditional agreement to acquire Permali Gloucester Limited, a manufacturer of composites, predominately for the Defence sector. Diamorph is anticipating completion of the Permali acquisition within the coming months.
The company has also completed the acquisition of Tufnol Composites Ltd (“Tufnol”), a Birmingham-based manufacturer of composites, predominately for the Aerospace industry on 5th March 2021.
Diamorph Chief Executive, Gordon MacLeman said: “These acquisitions allow Diamorph to broaden its composites competency and enter new markets. Permali has a long history of developing bespoke composite solutions for critical Defence applications since the 1930’s, whilst Tufnol has been manufacturing high performance composites since the 1920’s and has a highly regarded brand and reputation for delivering market leading wear performance in the Aerospace sector.”