A specialist manufacturer has been snapped up by a US-based counterpart.
Jemmtec Ltd, trading as the Magma Group, (Magma), has been acquired by Unicat Catalyst Technologies, a portfolio company of White Deer Energy.
Magma, which has its head office in Dewsbury and sites in Wallasey, Bolton, Huddersfield and Vietnam, specialises in ceramics and catalyst manufacturing and related services.
Following the deal, the combined businesses will offer global manufacturing and distribution of catalyst and ceramics products and services for the refinery, syngas, chemical, steel, agriculture, and green energy industries.
Mark Stuckey, Magma's chief executive and founder, will oversee the enlarged business, with Mani Erfan, co-founder of Unicat, staying on as the chief technical officer.
Stuckey said: "Unicat is an expert in developing and distributing innovative catalyst solutions with high-tech technical support. I am excited to partner with the Unicat team to realize the many opportunities this combination will offer to both customers and employees."
Erfan added: "Magma's pioneering catalyst technology delivers unparalleled energy efficiency and production yield benefits to our customers around the world. This transaction will expand on our existing partnership by bringing complementary products and manufacturing capability into one portfolio."
White Deer invested additional capital in Unicat to support the acquisition.
Jim Meneely, managing partner at White Deer, said: "Mark and his team have built an incredible company with a strong brand resulting in impressive growth over the last decade. We look forward to partnering with Mark and the Magma team in supporting the company's future growth as it continues to innovate and supply to its loyal customer base."
Magma was advised by a team of Leeds-based advisers from Squire Patton Boggs (Paul Mann, Guy Ruddy and Harry Hobson) and BDO (Fletcher Adamowicz and Will Light).
White Deer was advised by Locke Lord LLP and Alvarez and Marsal LLC.
