Roller Shutter Doors Manufacturer, JR Industries, Acquired By Sdiptech AB In £25.6m Buyout

Our Corporate & Private Equity experts Marlies Hoecherl, Jordan Thomas & Nadira Islam have advised the shareholders of Gwindy 2012 Limited on the sale of the entire issued share capital of Gwindy 2012 Limited, the holding company of JR Industries Limited. Publicly listed Swedish based technology group, Sdiptech Holdings Limited owned by Sdiptech AB (publ), acquired all shares. Sdiptech welcomes JR Industries to the Group, who focus on infrastructure and acquiring companies that contribute to safer and more sustainable societies. 

Established in 1970, JR Industries has its headquarters in Caerphilly and operates manufacturing facilities in France and Germany, as well as a European agency network. Robin Howard and Leonard Smith, the majority sellers, together owned over 70% of the shareholding in Gwindy 2012 Limited.  

A longstanding client of the firm, we’ve supported them on several transactions, including a previous management buyout, asset purchase, group reorganisation and multiple property purchases. Our Real Estate experts, Hannah Vosper, Angharad Jones, Gabriella Spiteri and Jazzmin Howell, as well as Environmental specialist, Stephen Sykes worked closely with JR Industries and their agent to advise on the Property aspects of the deal.  

Financed with own funds and existing credit facility, the £25.6 million acquisition allows JR Industries to be included in the Special Infrastructure Solutions business area, laying the groundwork to propel JR Industries to new heights. The deal was additionally assisted by specialists; James Bain, Bishopsgate acting as the client’s corporate finance adviser and Alison Hazeldine, Kilsby Williams acting as the client’s tax advisers. 

Marlies Hoecherl, Capital Law’s Corporate & Private Equity Partner, said:

This acquisition marks an exciting new chapter for JR Industries. Senior partner Duncan Macintosh introduced the company to our team over two decades ago and it has been a genuine pleasure to support them over the years. Having worked with JR Industries for such a long time, closing this deal feels a bit like elation tinged with sadness. We wish the very best to Robin and Len and continued success to all at JR Industries.

Len Smith, CEO of JR Industries, said: 

We are very pleased with this new alliance. The comprehensive resources and support offered by Sdiptech lay a solid groundwork for propelling JR Industries to new heights.