21 December 2021
RSM UK Corporate Finance LLP has advised the shareholders of GJC Holdings Limited on their successful sale to Alcuin Capital Partners.
GJC Holdings Limited, through its trading subsidiary TuffX Processed Glass Limited, is one of the UK’s leading processed glass manufacturers. TuffX offers a comprehensive range of specialist toughened glass for both residential and commercial applications.
Graham Price, the founder of TuffX said: ‘The sale to Alcuin and the ongoing involvement of John Tierney, the Operations Director, provides a natural succession and a strong foundation for future growth.’
John Tierney said ‘I am excited to be working with Alcuin to continue to support the growth in the business. RSM has found us the right partner to work with to continue to invest in the development of new products, and efficient manufacturing processes.’
The transaction was led by Corporate Finance Partner Ian Latham, with support from Matt Kells.
Ian Latham, corporate finance partner at RSM, said: ‘TuffX is a market-leading manufacturer of processed glass providing a broad range of quality toughened glass products and a high level of service to its customers. It has a been a pleasure to support Graham and John in growing the business and the sale to Alcuin is a strong platform for its future continued success.’
Weightmans LLP provided legal advice on the transaction. The team was led by Gary Jones, with support from Michael Murphy and John Kemp.