Raventa swoops for Lexicraft
Entrepreneurs Marta and Bill Ravenna have completed their second acquisition within a month with a deal to buy a business which makes nameplates, labels and signs.
The north west couple have paid an undisclosed sum for Lexicraft, a £2.8m-turnover business based in Wirral.
Lexicraft was established in 1954 and has been owned since 1986 by David and Joan Dawson.
The business, which employs 52 staff, is a leading manufacturer of nameplates, barcodes, logos, labels and signs in plastic and metal.
Its products can be found on cars, trucks, trains, bicycles, computer hardware, domestic and consumer goods and industrial machinery. Customers include Bentley Motors and Virgin Trains.
Mr Dawson is staying on as a consultant for a period following the sale to Raventa, which Marta and Bill established earlier this year to acquire successful businesses with growth potential.
Both Raventa and Lexicraft are based at the Woodside Business Park, Birkenhead.
Raventa completed its first deal last month when it acquired BMB Weatherproof Canopies, based at Wallasey, Wirral.
Bill Ravenna said:
“We see strong potential for Lexicraft to expand within the UK and across Europe and look forward to working with the team to achieve our goals etc”
Raventa was advised on the deal by a team at HURST Corporate Finance comprising Nigel Barratt, Lauren Roberts and Richard Higham.
Andrew Sturge and David Hayes, of law firm Turner Parkinson, provided legal advice to Raventa.
Nigel Barratt said:
“The acquisition of Lexicraft marks another north west deal for Raventa, which has hit the ground running since it was established earlier this year.
“Lexicraft has been going for 60 years and can look forward to the future with confidence in the capable hands of Bill and Marta.”