Orbis Advises on the Sale of Sangamo to Scolmore Group
Orbis partners have concluded the sale of Sangamo to Tamworth-based lighting, wiring accessories, and security products supplier, Scolmore Group in a multi-million-pound undisclosed deal.
Established in 1921 and based in Glasgow, Sangamo is an esteemed supplier of energy-saving, control and monitoring products for domestic and commercial applications. The business has a worldwide reputation for the manufacture of ultra-reliable energy saving time switches and other control products and is one of the UK’s leading energy saving manufacturers.
Sangamo has built an excellent reputation and created an extensive product range which will make an ideal fit within the Scolmore Group portfolio. The acquisition will enable Scolmore Group to bring an even more comprehensive range of products and solutions to its customers.
In 2002, Orbis worked alongside the new investor group and management team to orchestrate the acquisition of Sangamo from Actaris Plc. Orbis secured funding from Bank of Scotland as well as investing alongside management, through their investment vehicle Intrinsic Equity, at which point Chris Gregory was appointed to the board of directors. Chris has been an active part of the company up until the recent sale to Scolmore Group.
When Sangamo was acquired from Actaris, Orbis handled all negotiations including the structure of the acquisition. This has also been the case with Sangamo’s recent sale to Scolmore Group.
Orbis has been heavily involved in the strategic development of Sangamo in recent years, culminating in the successful sale to Scolmore Group, which will provide a sound base for the future development of the Sangamo brand and business.
We benefitted greatly from the input and advice Orbis provided to Sangamo over the past years. We are delighted that Orbis was able to bring Scolmore Group to us as an ideal partner which will allow Sangamo to continue to progress.
John Zarno, Chairman
The company will continue to trade as an independent entity in all of its major functions and will seek to create strong growth over the coming years by utilising the experience and support of Scolmore. Its location in Glasgow gives us the perfect manufacturing base and regional office to service our customers all over Scotland and the north. Sangamo has been around for nearly 100 years, is a very well established and trusted brand and we are looking forward to working closely with the team to build on its success.