Gloucestershire beauty company SLG, have confirmed today that they are seeking an acquirer for their Gloucester based manufacturing division, which makes beauty applicators and cosmetic wipes.
Miles Dunkley, CEO of SLG stated: “The manufacturing division represents around £2 million of SLG’s £40 million group turnover. The proposals we have announced today will allow SLG to focus entirely on the continued growth and development of the main area of our business – that of our portfolio of high growth beauty brands where there is huge potential for us to realise in the coming years. It is therefore the right time to orientate fully in that direction.”
SLG are the company behind many high street fashion beauty brands including Zoella Beauty, Superdry Beauty and Men’s Grooming, Johnny’s Chop Shop and the recently launched Millie Mackintosh Beauty selling their brands in 15,000 stores across 27 countries.
In parallel, the company are also seeking a sub-contractor for the manufacture of its globally patented Self Tan Mitt product and an outsource partner for its warehouse/fulfillment facilities.
Richard Buckland, SLG’s Chief Operating Officer commented:
“There is an imperative in this process which is that the manufacturing division is purchased by a world class UK based acquirer and that any sub-contract partners are able to not only maintain but improve on the exceptional product quality and customer service which SLG is so well known for.
“Assuming that suitable acquirers and
sub-contractors are secured, a number of employees currently engaged in these
activities will be protected by TUPE regulations with the potential also for some
redundancies. We hope this to be at a minimum level, however.”
SLG's staff have been advised of the proposals and a formal consultation process has commenced for those potentially affected by the development.
A ground breaking ceremony at Gloucester Business Park has marked the start of construction of a new 100,000 sq ft, state-of-art manufacturing facility for TBS Engineering, a world leader in automation for the battery industry.
The ceremony was attended by the project teams from Arlington, owners of Gloucester Business Park and TBS, together with Winvic the contractors on the development, to officially mark the commencement of construction.
The facility, includes 80,000 sq ft of manufacturing space together with 20,000 sq ft of office accommodation and is scheduled for completion in the spring of 2018. When completed it will serve as TBS’s new global headquarters, and provide employment for 170 people.
Dan Williams, Development Director of Arlington said: “We are thrilled to be partnering with TBS on the development of this exciting new HQ and look forward to working with them for years to come. This development comes hot on the heels of us completing the new HQ office for Horizon Nuclear Power and is testament to the skills of our delivery team and the opportunity at Gloucester Business Park to deliver new business space for all sorts of companies. It is also the first major announcement for Arlington following its corporate acquisition by TPG, and demonstrates the new owner’s commitment to the strategy of developing out the significant landbank held by the business.”
David Longney, TBS Engineering Group Managing Director, added: “Our investment in the new facility, is testament to the expertise, talent and engineering capabilities available to us in Gloucestershire. It is this local resource that has enabled us to stay at the forefront of our industry. Over the last fifty years TBS has led the world in the manufacture of lead acid battery equipment. At the heart of this growth, is our commitment to innovation and engineering and this new facility will support our continued expansion, research and development and position as a global leader.
Gloucester Business Park is home to a large business community of over 70 companies, includes extensive onsite amenities and is located at Junction 11a of the M5 and A417 dual carriageway.
TBS Engineering were represented by Cushman & Wakefield and Arlington by Alder King and Strutt & Parker.