Management Buyout of Specac

Specac’s distribution network consists of 70 countries. Specac had been owned by Smiths since 1997. The buyout includes Mr. Smith and two other managers, Bill Selfe and Hazel Hall.

Orpington, UK 4/21/15; London, UK 4/22/15—Private equity firm Foresight and company management have acquired Specac, a supplier of spectroscopic accessories, from Smiths for £2.8 million ($4.2 million = £0.67 = $1). Specac revenues have grown 35% in the last four years, with 80% of sales outside the UK. Products include the Quest ATR diamond and other sample analysis solutions, as well as sample preparation products. “Specac’s growth in recent years has been achieved through its focus on high quality, high specification accessories for the infrared and XRF spectroscopy markets,” stated Specac Managing Director David Smith.

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