PEM Corporate Finance advises on the sale of Cambridge based Cosmetics and Toiletries Manufacturer
The directors of Cambridge based cosmetics and toiletries manufacturer Hanworth Laboratories Limited (‘Hanworth’) are pleased to announce the sale of the company to AIM listed dispersion technologies company Disperse Group plc (‘Disperse’)
Hanworth, established in Linton in 1976, manufactures colour cosmetics, toiletries and skin care products. It specialises in small runs, special preparations and services such as colour matching to its customers other products. It works to its customers and its own proprietary formulations. Its customers include designer labels and high street chains.
Disperse Group plc is a Warrington based importer and distributor of branded cosmetics and the developer of emulsion technologies for use in cosmetics, pharmaceuticals and other industries.
The acquisition will enable Disperse to manufacture its premium skincare products in a location where it can guard its proprietary technology and control quality on the most sensitive products, and to manufacture small production runs for test marketing purposes. Disperse describe it as an important strategic acquisition.
Chris Sandy and Terry Hartin, Directors of Hanworth said "Disperse have an interesting and exiting range of products, brands and technologies, and we have strong manufacturing skills and knowhow to add to their portfolio”
Lake Falconer, head of PEM Corporate Finance LLP based in Cambridge commented "We were delighted to advise Chris and Terry on the sale of Hanworth to this fast growing plc. This was carried out in such a way as to preserve the skilled team and their excellent relationships with other customers."
James Allen and Parmjit Bhogal of Taylor Vinters in Cambridge provided Legal Advice to the Company.
For further press information contact Sarah Burt at Peters Elworthy & Moore on 01223 728301 or email sburt@pem.co.uk, or visit www.pemcf.com or www.disperseplc.com
Photo Caption: Head of PEM Corporate Finance Lake Falconer, left, with Chris Sandy Director of Hanworth.
Notes to editors
Hanworth Laboratories manufacture and develop all colour cosmetics.
Disperse recently acquired Woods of Windsor – a long established developer distributor and retailer of English branded personal care products. In July 2004 it acquired Elizabeth French an established importer and wholesale distributor of branded cosmetics and toiletries, supplying retailers and distributors in the UK and overseas.