Deal Details: ALS Identify has acquired Metal Masters. Deal consideration was not disclosed.
ALS Identify specialises in the design and build of custom labelling systems and Auto-ID equipment. The Dublin-based business is led by Pat Phibbs and currently employs 16 people with this deal expected to take this number to 19. The business does not report revenue or EBITDA information.
Metal Masters is a manufacturer of custom-built conveyors and conveyor systems based in Dublin. The business was founded by David Benzies in 1990. The business does not report revenue or EBITDA information
Deal Advisory: Prosperous Group led by Tommy Boyle.
Legal: Burns Nowlan Solicitors led by Stephen McGrath.
Deal advisory: Cantwell Corporate Finance
Renatus Comment: ALS Identify is viewing this move as an opportunity to generate synergies with a company that it has been working with for almost 20 years. The business has ambitious growth targets and has already purchased a building at Plato Business Park in Mulhuddart to accommodate this growth. The additional workshop space will enable larger and more complex labelling, identification and conveyor systems to be developed and further R&D, according to MD Pat Phibbs. ALS is also planning to recruit additional engineers which will enable it to expand its client base in the pharma and medical devices, food and drink, agri, personal care, and cosmetics sectors. Source: ALS Press Release