Lifco Acquires Cardel Group from LDC
May 31, 2024
Lifco has signed an agreement to acquire a majority of the shares in Cardel Group Ltd from private equity investor LDC. Cardel is a Hertfordshire-headquartered manufacturer of lamination plates and specialist components for ID documents, payment cards and PCBs (74 employees; ~GBP 16.5m net sales in 2023); Lifco will consolidate the business into its Systems Solutions area to support further global expansion and product and application development.
- Buyers
- Lifco
- Targets
- Cardel Group Ltd
- Sellers
- LDC
- Industry
- Manufacturing
- Location
- Hertfordshire, United Kingdom
- Transaction Type
- Buyout
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