RADCLIFFE, England — Itac Limited has completed its purchase of Delvemade Limited, a business that it has supplied with silicones and polyurethanes for its Seamsil and Delcote roofing products for more than two decades.
Delvemade, founded in 1991 by Susan and Tony Condron, provides a range of branded, patented, products for cut edge corrosion repair and roof recoating. Since its inception, the company has enjoyed sustained growth, which this year alone has seen a 20 percent increase in sales, lifting turnover to more than two million pounds.
Following the purchase, Delvemade has become a subsidiary company operating under the auspices of Itac Limited. For an extended period and to facilitate a smooth hand over, both founding directors will continue in similar roles within the business. Delvemade has been relocated from Swinton to Itac’s head office and manufacturing facility in Radcliffe Manchester — a distance of less than six miles.
Itac itself is a long-established, independent, formulator and manufacturer of adhesives and non-adhesive coatings. The company has doubled its turnover in the past five years, following a planned strategy of organic growth plus acquisition.
Itac’s Managing Director Paul Armitt is delighted with his latest purchase, which he described as a win-win deal for all concerned. He said, “We have had our sights set on Delvemade for quite some time. It’s a well-established, growing business with an excellent reputation and track record. It services a niche sector of the construction industry, which is one of Itac’s core markets, and over the years we have worked closely together to develop a unique system and accompanying product range. Itac’s purchase is good news for Delvemade specifiers and users alike because it guarantees continuity of supply of the same high-quality products. We are a customer focused manufacturer, with the ability and determination to develop all aspects of Delvemade Limited still further.”
For more information, visit www.itacadhesives.com.