James Briggs, a supplier of aerosols and speciality chemicals, has been acquired by its management team in a deal backed by Endless LLP.
Founded in 1830, James Briggs designs, formulates and manufactures products including paints, lubricants, cleaning fluids and polishes for automotive, industrial, hygiene and other sectors. The company also manufactures proprietary branded products including Hycote, Nilco, Autotek, Add-It and Antiquax.
The firm employs nearly 200 staff on two manufacturing sites in Royton and Chadderton, near Oldham, Greater Manchester. Turnover is approaching £50m.
James Briggs has been acquired by management and Endless from ITW, a manufacturing specialist based in Illinois.
As part of the deal, Endless will provide funding to invest in sales, marketing, infrastructure, manufacturing equipment and IT systems.