Spandex reflects on Lakeside Group acquisition
Thu, 09 Jan 2025 | BUSINESS SALE
Bristol-based Spandex, which creates innovative solutions for the sign, graphics, and display industries, has bought distributor Lakeside Group.
Clevedon-based Lakeside Group’s product portfolio spans reflective solutions for street signage, license plates, street furniture, and vehicle livery, as well as anti-graffiti coatings, dew-reducing films, and UV protective materials.
It has a diverse client base including local authorities and commercial clients and has developed in-house testing and converting capabilities.
Spandex distributes leading material and equipment brands for sign making, digital printing, vehicle wrapping, paint protection, graphic production, interior décor and textile printing. These include CoverStyle and 3M Print Wrap Film for vehicle wrapping.
According to its most recent results Spandex has an annual turnover of £27.3 million and a pre-tax profit just shy of £1 million.
Spandex said the acquisition represents its “strategic entry into the highly specialised market of reflective solutions — a move that positions the company to capitalise on this emerging sector poised for significant growth”.
Paul Cooper, Chief Operating Officer of Spandex, said: “We’re proud to have concluded this acquisition, which enables Spandex to take an assertive step into this specialised and highly regulated market segment. Lakeside’s technical expertise and market knowledge perfectly complement our existing capabilities, enabling us to expand our portfolio and position Spandex as a trusted partner, ready to deliver innovative solutions for an increasingly diverse customer base.”
Scott Horne, Managing Director of Lakeside Group, added: “Having started in this market over 30 years ago, this integration feels like a natural evolution for Lakeside. We’re excited about the opportunities this partnership will bring to our customers, people and the industry at large.”
Horne will continue in his role at Lakeside Group, which will operate independently in the immediate term.
Spandex added that this latest acquisition “reinforces a long-term commitment within the Spandex Group to grow and innovate, both in its heritage sectors and in emerging vertical markets”.
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