LONDON, UK: SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, announced the acquisition of Fraser Anti-Static Techniques Limited, a UK manufacturer of anti-static equipment.

Total consideration is forecast to be approximately £13.0m, net of excess cash acquired.

Highlights:

• Fraser is a leading UK manufacturer of anti-static products which eliminate, clean, generate or measure static electricity in a variety of industries including plastics, packaging, printing, food processing, medical and pharma amongst others.
• Fraser operates across three freehold sites in Bampton, Devon and one leasehold site in Bristol, covering in total 24,500 sq ft and has approximately 47 employees. It also has sales offices in China and Germany. A large proportion of Fraser’s revenues are to overseas customers.
• Revenues for the year ended 30 November 2021 were £7.4m, with adjusted EBIT of £1.6m.
• Acquisition price includes c. £1.76m of freehold property.
• Fraser will reside in the Group’s Sensors and Controls division.
• Acquisition expected to be enhancing in the current year.

Ken Ford, Chairman of SDI said: “The acquisition of Fraser is a further step in our Group growth strategy, demonstrating again the opportunities to acquire businesses with high quality products with export growth potential. The Acquisition is expected to be earnings enhancing in current year FY2023. We are delighted to welcome Bob Fraser, Bruce Clothier and their staff at Fraser to the SDI Group.”

Fraser Anti-Static Techniques Limited specialises in the manufacture of anti-static products which eliminate, clean, generate or measure static electricity in a variety of industries including plastics, packaging, printing, food processing, medical, pharma, automotive and electronics.

Fraser’s products fall into two technology categories: advanced 24V DC technology products and conventional AC static eliminators. Fraser is considered to be a pioneer in 24V designs with integrated high voltage generation. The Company delivers most of its products globally and is considered to be one of the top ten suppliers of anti-static products.

For the year ended 30 November 2021, Fraser achieved revenues of approximately £7.4m, adjusted EBIT of £1.6m (adjusted to reflect Fraser’s ongoing cost base with the Group) and statutory profit before tax of £1.87m (unaudited).