mynth
11/2025

NOTEDOME acquired by COIM GROUP

UNITED KINGDOM Chemicals & Materials / Material Transformation / Plastics EV 10M - 30M GBP

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.

In the past, Notedome was acquired by Manali Petrochemicals in 2016 as part of its expansion strategy.

NOTEDOME, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2024
2023

Other operations with NOTEDOME

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2016MANALI PETROCHEMICALSNOTEDOMEUNITED KINGDOMPlastics

REFERENCES

Valuation range: EV 10M - 30M GBP

EBITDA range: 0M - 5M GBP

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: notedome

Acquirer: coim group