Business
Sale of Premier Limpet
Amcomri Group plc has completed the sale of its subsidiary, Premier Limpet Limited, to Dalpo Group UK Limited for a minimum initial consideration of £10.1 million, with potential additional consideration based on 2026 EBITDA exceeding £1.4 million. The disposal has resulted in net cash proceeds of approximately £7 million after debt repayment, representing a significant return on Amcomri's initial investment in 2021. This strategic sale, which saw Premier Limpet's revenue at £11.6 million in 2025, aligns with Amcomri's 'Buy, Improve, Build' model and will provide capital for future acquisitions in specialist engineering and industrial businesses. The Group confirms it is trading in line with market expectations. Disclaimer*
About this update from Amcomri Group Plc
1 July 2026 Amcomri Group plc ("Amcomri", the "Company" or the "Group") Sale of Premier Limpet Amcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK and Ireland focused, specialist engineering services and industrial manufacturing group, is pleased to announce that it has completed the sale of its wholly owned subsidiary, Premier Limpet Limited ("Premier Limpet"), the UK's largest independent manufacturer of printed and plain adhesive tape, to Dalpo Group UK Limited, a wholly owned subsidiary of Dalpo Poznań sp. z o.o. ("Dalpo"), for a minimum initial consideration of £10.1 million (the "Disposal"). Additional consideration, calculated as to 0.9x the value of any trading EBITDA exceeding £1.4 million for the year ending 31 December 2026, will also be payable to Amcomri. Before any additional consideration and after repayment of debt, the Group has received net cash proceeds of approximately £7 million. Background to the Disposal The Group acquired Premier Limpet in August 2021 for an initial consideration of £2.95 million of which only £0.25 million was funded from Amcomri cash reserves, with the balance funded by an asset-based lending facility. A further £1.15 million deferred consideration was paid from the operating cash flow of Premier Limpet under an earn-out agreement. With net initial cash proceeds received of approximately £7 million, the Disposal represents a multiple on invested capital of approximately 28x, demonstrating Amcomri's 'Buy, Improve, Build' model creating significant shareholder value. The 'Buy, Improve, Build' model Premier Limpet was originally identified by Amcomri in 2021 as an opportunity with significant latent improvement potential. Following the acquisition, a structured programme was implemented by Amcomri's Business Process Improvement team as part of the initial 'Improve' phase of the Amcomri model. This included the introduction of new costing and pricing models, the optimisation of working capital levels, and the recruitment of a new sector experienced management team to further refine and develop Premier Limpet's commercial strategy. As part of the commercial development plan, the new management team identified an opportunity to add water activated adhesive paper tapes to the product portfolio of Premier Limpet. Subsequently, a bolt-on opportun...