19th February 2019
A team of specialist lawyers at Walker Morris has advised textile manufacturer, Camira Group, on its strategic acquisition of Holmfirth Dyers. Camira Group, manufactures woollen spun yarns and woven fabrics across three sites in Huddersfield and one in Lithuania with its global business providing customers with end-to-end expertise in the textile supply chain. The acquisition of Holmfirth Dyers extends Camira’s vertical supply chain into fabric dyeing and specialist finishing strengthening its in-house proposition and highlighting its ambition to expand its portfolio of piece-dyed wool and polyester fabrics. Camira has been a long-standing customer of Holmfirth Dyers since it was established in 1987 with its business accounting for approximately 85% of Holmfirth Dyers’ turnover at the time of completion. The acquisition sees Camira Group’s total turnover exceed £100 million per annum.
Camira Chief Executive, Grant Russell, commented:
“We’re absolutely delighted to have been able to strengthen our position and deepen our expertise in the textile supply chain. We’ve developed a strong partnership with Holmfirth Dyers over the years, including setting up a joint venture with the Duckett family at Park Valley Dyers, and we worked even more closely together following last year’s fire to ensure continuity of supply and service levels to our global customers. We will now be able to use this facility to further innovate in dyeing and finishing techniques to make our product portfolio even more appealing to global customers.”
Oliver Duke, Corporate Director at Walker Morris added:
“We are pleased to have been able to support Camira on this strategic acquisition which incorporates an important part of Camira’s supply chain into the Camira business. This acquisition offers great growth potential for Camira and we look forward to seeing the continued expansion of this already successful business.”
The Walker Morris Team was led by John Hamer and Oliver Duke with assistance from Rebecca Keefe and Luke Singleton (Corporate), James Crellin and Joshua Waddington (Banking), Clare Wood (Real Estate), Alan Harper (IP), and Nicola Parkinson (Tax).