Enact Fund, managed by Endless, has acquired GEO Specialty Chemicals and Waddington Europe, positioning itself strongly in the specialty chemicals and sustainable packaging markets.

Target Company Overview

Enact Fund, managed by Endless, has successfully acquired GEO Specialty Chemicals UK Ltd. ("GEO"), a Southampton-based manufacturer specializing in high-performance chemicals. This acquisition comes after a series of significant exits from the fund, positioning GEO as a crucial addition to its portfolio. GEO operates from a 53-acre facility and features two distinct business units, boasting global capabilities in alkoxylation, methacrylate chemistry, and specialty silicones. These segments cater to premium markets within the coatings, lubricants, and medical device industries.

With an established history dating back to the 1950s, GEO has garnered annual revenues of approximately £68 million. The company is well-regarded for its commitment to quality and innovation in product development. However, it was deemed a non-core asset by its parent company, CPS Performance Materials Group, creating an opportunity for Enact to invest in its operations and provide the strategic support necessary for future growth.

Industry Overview in the UK

The specialty chemicals industry in the UK plays a pivotal role in various sectors, ranging from automotive to pharmaceuticals. With a robust demand for tailored chemical solutions, manufacturers like GEO are increa