Thursday, June 17, 2021

Leicestershire electro-chemicals manufacturer acquired in $60m deal

H.K. Wentworth Limited (HKW), a Leicestershire-based manufacturer of electro-chemicals for the electronics, LED, automotive and industrial manufacturing industries, has been acquired for approximately $60 million.

The business has been sold to Element Solutions Inc, a NYSE-listed global and diversified speciality chemicals company based in Miami, US.

Alantra, the global mid-market investment banking firm, advised the shareholders of HKW in the deal.

Headquartered in Ashby-de-la-Zouch, HKW is a global specialist in formulated chemical products for the electronics industry, offering an array of products, including thermal management materials, conformal coatings, encapsulation resins, electronic cleaning solutions and general maintenance products with a presence in over 55 countries.

The business has manufacturing facilities in the UK, India and China and its products serve customers globally across a diverse set of end-markets, including consumer electronics, telecommunications, medical, automotive, military and aerospace. HKW generated sales of approximately $44 million in 2020.

Ron Jakeman, CEO of H.K. Wentworth, said: “We now have a partner in Element Solutions that will provide global support to help us accelerate our plans. They are the perfect strategic fit and we are excited about the growth opportunities that this partnership will bring to both organisations.”

HKW’s shareholders were advised by Richard Sanders, Richard Benyahia and Mike Falzon based in Alantra’s Birmingham Office, and Ollie Hickley based in Alantra’s London office.

Richard Sanders, Partner at Alantra, who advised on the sale of H.K. Wentworth, said: “We are delighted to have played an instrumental role in helping H.K. Wentworth find a partner that brings a powerful combination of experience and investment to support its ambitious expansion plans.

“The deal brings together two global businesses and as such, underlines Alantra’s ability to combine sector expertise, global relationships and local deal execution to meet the increasingly international needs of our clients.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.







Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close