Pyramid Display Materials Limited, the largest independent supplier to the UK sign and display market, has acquired Leeds-based self-adhesive vinyl distributor Sydney Beaumont (Leeds) Limited for an undisclosed sum.
Employing over 100 staff across distribution centres and offices in Manchester, Birmingham and Gateshead, the deal gives Pyramid Display Materials Limited a presence in Yorkshire and enables the business to diversify into areas aligned to its core retail display market, while enhancing its specialist expertise in niche markets.
The development strengthens and broadens the product offering of Sydney Beaumont (Leeds) Limited which distributes products including self-adhesive vinyls, sheets and double-sided tapes – giving it access to more sophisticated computing systems together with the larger purchasing power enjoyed by the group.
hlw Keeble Hawson, one of the region’s biggest law firms with offices in Leeds, Sheffield and Doncaster, acted for Pyramid Display Materials Limited.
Pyramid Display Materials Limited MD, Dennis Morgan, said: “Sydney Beaumont (Leeds) Limited has a great reputation in the industry and this milestone enables us to harness its expertise in the expanding CAD vinyl and vehicle wrapping markets.
“hlw Keeble Hawson, with whom we have worked since 2002, has a solid understanding of small and medium sized enterprises and completed the deal seamlessly and professionally.”
hlw Keeble Hawson partner, Michael Cantwell, concluded: “The acquisition is a ‘win-win’ - securing jobs at Sydney Beaumont (Leeds) Limited, while boosting the offering of Pyramid Display Materials Limited as it continues to go from strength to strength across the North of England.”