Tamworth-based lighting, wiring accessories, and security products supplier Scolmore Group has acquired a company which distributes energy-saving products.
Sangamo was founded in 1921 and is based in Glasgow. The acquisition will allow Scolmore to expand its portfolio.
Gary Mordue, Scolmore Group managing director, said: “The company will continue to trade as an independent entity in all of its major functions and will seek to create strong growth over the coming years by utilising the experience and support of Scolmore.
“Its location in Glasgow gives us the perfect manufacturing base and regional office to service our customers all over Scotland and the north. Sangamo has been around for nearly 100 years, is a very well established and trusted brand and we are looking forward to working closely with the team to build on its success.”
The deal was led by Orbis Partners, which has been working with Sangamo since 2002.
Chris Gregory of Orbis Partners added: “Orbis has been heavily involved in the strategic development of Sangamo in recent years, culminating in the successful sale to Scolmore Group, which will provide a sound base for the future development of the Sangamo brand and business.”