Diamorph Group acquires Permali
Acquisition of the composite manufacturer enable U.K.-based advanced materials group to broaden its composites competency, enter new end markets.
Permali Gloucester’s advanced materials manufacturing facility. Photo Credit: Permali Gloucester Ltd.
Advanced materials group Diamorph Group Holdings Ltd. has signed a conditional agreement to acquire Permali Gloucester Ltd. (Permali, Gloucester, U.K.) a composites manufacturer predominately for the defense sector. Diamorph says it is anticipating completion of the Permali acquisition within the coming months.
This is Diamorph’s second acquisition. The group previously acquired aerospace composites manufacturer Tufnol Composites Ltd. (Birmingham, U.K.) March 5, 2021.
“These acquisitions allow Diamorph to broaden its composites competency and enter new markets,” says Diamorph’s Gordon MacLeman. “Permali has a long history of developing bespoke composite solutions for critical defense applications since the 1930s, while Tufnol has been manufacturing high-performance composites since the 1920s and has a highly regarded brand and reputation for delivering market-leading wear performance in the aerospace sector.”