Permali Gloucester has been acquired by Diamorph

Private equity firm 3i Group and the private shareholders of Permali Gloucester Limited have sold their interest in the company to Diamorph.

Permali Gloucester is a leading designer and manufacturer of composite and thermoplastic polyurethane (TPU) material solutions. It serves global OEMs and government organizations across a wide range of sectors, including defense, aerospace, Formula One (F1), medical and rail, supplying bespoke and highly technical products for often mission critical applications.

Diamorph provides material solutions under a range of brands for highly demanding environments and is backed by Epiris LLP, an independent private equity firm. The addition of Permali’s strong positions in defense, medical and F1 to the Diamorph Wear Components business unit, with the two businesses’ adjacent technology bases, will strengthen the group and create a significant UK player in laminate-based composite materials.

Oaklins Evelyn Partners, based in the UK, with the support of the team in Irvine, California, worked with the shareholders of Permali Gloucester Limited to deliver a successful sale to a strategic partner that can use Permali’s Gloucester (UK) base as the center of excellence for developing and growing its enlarged composites offering.