Stephenson Group, headquartered in Horsforth, is a £24m turnover manufacturer and distributer of specialty chemicals with a worldwide customer base. Stephenson Textiles develop and supply chemical products to improve and aid the processing of wool, cashmere and other natural and synthetic fibres. It was the group’s last non-core division following the sale of Alkon Solutions to US-based Polymer Solutions Group in 2016.
EuroDye CTC specialises in the research, development and production of textile chemical products for natural and synthetic fibres, providing a range of speciality dyeing and pigment products textile companies and distributors.
Jamie Bentley, chief executive of Stephenson Group, said: “In a market where we continue to grow the personal care business at pace, our challenge has been managing capacity, and we are now pursuing a significant investment programme to support the continued growth of this part of the business. Stephenson Textiles formed the back-bone of the original Stephenson business, but the sale wholly underpins our ongoing focus on Stephenson Group’s future in personal care ingredients. Over the past decade, the Stephenson Group has focused all its energy on growth in other sectors and as a result felt that, Eurodye CTC was the best partner to ensure the long-term prosperity of our textile chemicals business.”
Andrew Barlow, director at Sentio Partners, who led the transaction, said: “The strategic fit of Stephenson Textiles for EuroDye was clear from the outset. We are delighted to have found a safe home for a Business with a strong heritage, and look forward to supporting Stephenson during an exciting next phase of growth.”