Award-winning Lancashire beauty products manufacturer Universal Products has been bought by Dublin-based conglomerate DCC for around £13m.
The £30m turnover business, which employs 248 people in Kirkham, has been bought by DCC’s health and beauty arm.
UPL is one of the UK’s leading contract manufacturers in pharmaceutical and personal care products.
It develops, manufactures and packs a wide range of skincare, hair-care and pharmaceutical products for its customer base of British and international beauty and healthcare brand owners.
The business employs 248 people at its MHRA-licensed facility at Greenhalgh.
The company said: “Combining Universal with its existing creams and liquids activities will allow DCC Health & Beauty Solutions to offer customers enhanced manufacturing and packing capability across two high quality, licensed facilities; in addition to product development, formulation, regulatory and technical services.”
Universal Products (Lytham) Ltd was founded by Michael Peters in 1976. By the 1990s it employed more than 100 people and was rapidly outgrowing its Lytham site. It was given the Excellence in Customer Service award in the 2013 Be Inspired Business Awards.
DCC, which is listed on the London Stock Exchange, said that UPL will improve its manufacturing and packing capabilities and make it one of the two leading British creams and liquids contract manufacturers.
DCC was advised by Pinsent Masons’ Leeds-based corporate partner Andrew Kerr and corporate legal director Catherine Hemsworth.It was the third substantial acquisition on which it advised DCC Healthcare in the last year.