NOTEDOME acquired by COIM GROUP
Context
Coim has completed the acquisition of Notedome Limited, a UK-based manufacturer specializing in cast polyurethane elastomers for high-stress industrial applications. The transaction marks the exit of the historical majority shareholder, India’s Manali Petrochemicals, and enables the Italian group to strengthen its position in the European specialty materials market. The integration of Notedome aligns with Coim’s strategy to consolidate its upstream and downstream operations within the polyurethane value chain. This acquisition allows Coim to complement its polyol and resin production with cast elastomer formulation capabilities, enhancing its control over transformation processes and its ability to serve higher-value industrial applications. The deal also paves the way for a broader international rollout of Notedome’s solutions through Coim’s commercial network, particularly in Continental Europe and Latin America, while retaining existing teams and technical expertise to ensure seamless customer relationships.
As a reminder, the company was previously acquired by Manali Petrochemicals in 2016 as part of its expansion strategy.
NOTEDOME, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.7x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Notedome Limited is a UK-based manufacturer specializing in cast polyurethane elastomers designed for high-stress industrial applications. The company develops advanced technical formulations used in the production of wear-resistant parts and industrial components subjected to abrasion, heavy loads, and intensive operating cycles. Its products are integrated across a wide range of industries, including material handling, automotive, mechanical engineering, and oil and gas. They are primarily used to manufacture components such as wheels, rollers, pulleys, and sealing parts, where mechanical strength and durability are critical. Notedome’s operations are built on expertise in custom chemical formulation, enabling the company to tailor polymer properties to the specific needs of its clients. The business relies on precise industrial mixing and polymerization processes to ensure consistent performance in the materials it produces.
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Historical Financials (GBP)
Other operations with NOTEDOME
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 10/2016 | MANALI PETROCHEMICALS | NOTEDOME | UNITED KINGDOM | Chemicals & Materials | Manali Petrochemicals Limited has completed the acquisition of Notedome Limited, a UK-based manufacturer specializing in cast polyurethane elastomers for high-stress industrial and automotive applications. The transaction was executed through its Singaporean subsidiary, AMCHEM Speciality Chemicals. This acquisition aligns with the Indian group’s internationalization strategy, aiming to strengthen its exposure to European markets and accelerate its growth in specialty polymer materials. It also solidifies Manali Petrochemicals’ industrial footprint outside India, leveraging a dedicated holding structure for overseas growth initiatives. Beyond geographic expansion, the deal seeks to enhance the group’s technological capabilities in polyurethane formulations and foster synergies between its upstream polyol production and downstream specialty applications. |
REFERENCES
Valuation range: EV 10M - 30M GBP
EBITDA range: 0M - 5M GBP
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: notedome
Acquirer: coim group