Epiris has agreed the acquisition of Diamorph, a supplier of advanced material solutions for demanding and safety-critical applications. Financial terms are not being disclosed.
Diamorph is the market leader in a variety of niche applications, ranging from rollers used in ceramic tile kilns, through bearings and insulators used in traditional and renewable energy generation and distribution, to rotor vanes and other composites used in pumps and compressors. The business enjoys close and longstanding relationships with customers globally.
The company is led by CEO Gordon MacLeman and CFO Mark Hutchison. Peter Williamson, who chairs a number of private equity-backed businesses after an executive career that included senior positions in the advanced material sector, will join as Non-Executive Chairman.
Liberty provided Management Advice to Gordon and his management team.