Success in selling consumer sector, branded companies

Smith & Williamson, as lead adviser to the vending shareholders, are pleased to announce that R Delamore Limited ("Delamore") has been sold to a secondary management buy out team. 

Delamore is a leading UK based, branded, propagator of young garden plants.  The business was founded over 40 years ago as a producer of young chrysanthemum plants and in 1985 was awarded a Royal Warrant to supply the Queen.  In 1990, Peter Wood led a management buy-in of the business, with backing from the private equity firm, 3i.  Since then the businesses has grown substantially and it now raises over 750 varieties of young plants with a turnover of some £8 million.  

Brian Livingston, Head of M&A at Smith & Williamson, commented "The transaction shows that strong brands continue to attract significant interest even in the current difficult climate.  Delamore is yet another example of Smith & Williamson's expertise in selling branded, owner managed, consumer companies following in the footsteps of Tommee Tippee, the bottle teats and soothers businesses, Dylon Dyes, the fabric dyes company, Sanctuary Connections, the branded beauty products business and Artigiano, the ladies' fashion mail order company." 

Peter Wood, Managing Director of Delamore added "The team at Smith & Williamson provided invaluable advice, commitment and understood the value of the brand.  We were extremely impressed by the proactive and creative approach they demonstrated".

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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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