Investor Kinver Capital acquires six-acre industrial site in Liverpool which is home to a £20m-turnover specialist manufacturer. Tony McDonough reports
A six-acre industrial site in Liverpool that is home to specialist manufacturer Centriforce, has changed hands in a multi-million pound deal.
Errington Works, off Derby Road and close to the Port of Liverpool, has been home to Centriforce for more than 25 years. The firm, which reported £20.6m of sales in its last annual accounts, makes thermoplastic damage prevention products from recycled plastic.
Investor Kinver Capital has bought the six-acre open storage scheme, which includes 8,000 sq ft of indoor industrial accommodation, as part of an expansion into the IOS (industrial outdoor storage) sector. The price was not disclosed.
Dominic Evans, investment partner at Fisher German which advised Kinver, said: “We are pleased to have secured this attractive IOS opportunity, supporting Kinver Capital’s continued focus on well-located, low site cover IOS assets with strong growth potential across the UK.
“This transaction is an example of our proactive approach toward opportunity identification and working closely with our clients and their advisers to deliver positive outcomes.”
READ MORE: Contractor Eurogold sees revenues soar 29% to £67.8m
Tom Webb, founder of Kinver Capital, added: “This is a great addition to our IOS portfolio in a strategic Liverpool location.
“Dominic was instrumental throughout the process, from sourcing the off-market opportunity through to negotiating and ultimately transacting the deal.”
Keppie Massie represented the unnamed vendor and lawyers at Womble Bond Dickson advised Kinver with Excello Law advising the vendor.
In October 2024 LBN revealed that Centriforce, which employs around 80 people, had been sold to London-based investment firm Rubicon Partners for an undisclosed sum.
This deal also offered a “strong exit” for Liverpool SME funding specialist River Capital which backed the original MBO. River Capital owned more than 25% of the equity in the business and received eight times its investment.