Reliance Mutual’s takeover by Life Company Consolidation Group (LCCG) is to be decided by the High Court in a hearing in March. Founded in 1911, Reliance Mutual is owned by around 10,000 members who voted 98% in favour of the sale in December. Based in London, LCCG owns Utmost Wealth Solutions and intends to use the acquisition as a platform to secure more traditional books of life business in the UK.
Arla Foods has bought Yeo Valley Dairies, securing access to the Yeo Valley brand for milk, butter, spreads and cheeses. The Yeo Valley yoghurt, ice cream, cream and desserts business will continue to be run independently through Yeo Valley Group. Arla’s ambition is to encourage more customers to switch from standard to organic products. The company believes that organic milk in particular is currently underrepresented in the UK (at only 4% of total market sales) compared to other European countries such as Germany (10%), Sweden (16%) and Denmark (29%). 60% of all growth in the UK milk market was attributable to organic products in the last 12 months.
IML Labels & Systems has completed a merger with Longcombe Labels and Leeds Marque Concepts, creating Dura-ID Solutions. The combined £14m-turnover firm employs 100 people across its five sites in Cambridge, County Durham, Mansfield, Paignton and Sheffield.
360 Chartered Accountants has announced a merger with fellow Yorkshire firm Walsh & Co. The deal expands 360’s capacity and resources while giving Walsh & Co full use of 360’s offices in Hull, Melton and East Hull, in addition to its own site in Withernsea.
Burton-upon-Trent electrical installations and contracting business I.C. Electrical has been acquired by Finnish technology firm VEO Group. The deal formalises a relationship between the two companies to deliver automation and electrification projects that goes back to 2008, establishing a base for VEO Group’s UK operations.
Engineering and construction group J Murphy & Sons has announced the acquisition of Carillion’s UK power framework business. The deal means Murphy takes up Carillion’s role working with the National Grid to deliver planned replacement and refurbishment schemes on their 33kV to 400kV transmission network spanning England and Wales. The company also becomes the new joint venture partner of Eltel forming the MEJV on the overhead line and T Pylon framework. Carillion’s employees on these projects will join the firm.
Safic-Alcan UK, a major distributor of speciality chemicals, has acquired Techform Fine Chemicals. Techform specialises in chemicals for the construction sector, improving Safic-Alcan’s offering in this area.
The Freight Transport Association (FTA) has acquired TrainingTeam, a provider of dangerous goods and security training for air, road and sea cargo. The move expands upon the FTA’s already substantial presence in compliance training for the transport industry, improving its online resources in particular.
Specialist publisher KHL has made further inroads into the American market with the takeover of Diesel & Gas Turbine Publications Group (D>P). KHL publishes construction magazines and employs 55 staff at its Wadhurst office, with a further 45 employees posted across the US, Latin America, India and China. The deal adds around 20 staff to KHL’s books and is expected to create four new jobs.
Baywater Healthcare has been acquired by Bastide Group, a provider of home medical equipment for rental and purchase in France. Baywater delivers oxygen, sleep apnoea and non-invasive ventilation therapy services to patients in the home. It employs 230 people and provides support to 26,000 patients. The deal generates a five-fold return for the exiting Duke Street and Souter Investments.