PORTFOLIO

Pelsis: Global growth through acquisition

Secondary buyout helps leading European manufacturer to expand to the US through acquisition.

Sector
  • Industrials
  • Support services

Pelsis is the leading European manufacturer of branded pest control products.

Deal type
  • Secondary buyout

Established in 1984, Pelsis is the leading European manufacturer of branded pest control products.

The products that Pelsis manufactures, supplies and distributes go to both the professional and domestic markets, with customers including independent pest controllers, retailers and global facilities management providers.

Since it was founded in Knaresborough, North Yorkshire, Pelsis has diversified and grown internationally through a commitment to innovation, new product development and quality customer service.

Going for growth

In August 2017, LDC backed Pelsis in a multi-million-pound secondary buyout that enabled the management team to accelerate its global acquisitive growth strategy.

Twelve months later in August 2018, Pelsis acquired US-based Curtis Gilmour in a deal that saw it significantly expand its global presence. The enlarged group now operates from 15 locations worldwide, selling into over 80 countries employing more than 420 people worldwide.

Specifically, Curtis Gilmour added significant scale in the US through its Georgia and Indiana operations and also broadened Pelsis’ European footprint through its manufacturing facilities in Wales and Sweden.

The two firms now operate side-by-side as subsidiaries, creating a consolidated portfolio that boasts a turnover of €125m.

International recognition

Pelsis’ fast-growing international sales was recognised in The Sunday Times HSBC International Track 200 in 2018. The business ranked at 50 after recording international sales of more than £54m.

Awards

The Sunday Times HSBC International Track 200

2018

National/International Deal of the Year

Pelsis – Insider Yorkshire Dealmakers